-- 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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If anything there was an over count. King Pritzker spent many millions getting the word out to return the forms, and there is zero doubt that every breathing thing was counted, including illegal aliens. I’m sure there were a few recently departed in that total as well. The comparison to 2010 is apples and oranges. If we survive the pending civil war the 2030 census will be an absolute disaster given the 2020 over count and current population trend.
Political interference in Chicago, from who? The same white MAGA country guys that beat up Juicy?
Jussie is angry, the put him in the nuthouse.
What is the evidence of an undercount? “…it was a result of the Trump administration’s interference in the census…”