-- 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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Once upon a time someone had to vouch for you to be admitted into this country.
“Pillman says a church in Wilmette is the one funding the rent, and hopes this creative collaboration will be mimicked at churches across the city.”
When are well-to-do lib virtue signalers in Willmette going to house some migrants in their tony burb? It’s a sanctuary state after all
“Not in my backyard.”
Typical hypocrisy.