-- 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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I don’t know how the marketing lady on leave is enjoying the mess she created, but I’m guessing she is very proud. She had an agenda and got a lot of attention. Hope it continues to backfire.
I love this story so much. Normies boycott Bud Light because they made it the ghey tranns beer. The Alphabet people embrace Bug Light. A-B InBev realizes they made a mistake and backtrack. So the Alphabet People get mad at Bug Light for not supporting the Alphabet People and then people within the Alphabet People get mad at other Alphabet People for not supporting Bud Light because they didn’t support the Alphabet People. The bud light brand will cease to exist in three years time. Good work! Twenty years to become the #1 beer and 1 day to blow it… Read more »
Yep, August Busch must rolling over