-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Maybe all those out of state abortion seekers JB is crowing about are renting Penske trucks for the trip?
Why do I doubt this report?
Asking for a friend.
“According to Penske Truck Rental’s Top 10 Moving Destinations for 2021, Chicago was the tenth most popular city for movers.”
This must have been the “Penske File” that George Costanza pretended to work on, in this classic ‘Seinfeld’ episode:
https://www.youtube.com/watch?v=8sCJMjuEkpw
This is exhibit A for fake news fraud