-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Hmmmm…..I’m a little confused about the gravity of COVID. Cook county COVID deaths in July:77. Chicago shooting deaths 100+. When will CTU demand body armor for children? Illinois the reign of Renegade Dopes
“This isn’t forever, . . . .” Arwady said.” The last time it wasn’t forever, the mask thing went on for, what, 13 months??
Fear porn
But Arwady and Lori have allowed the lollapolooza super spreader event to cater to Rahm donors c3 and blowhard Sam Toia. It doesn’t matter to her that people will die. Lockdowns will be coming. And the commie CTU will get another year off without teaching. All this economic suffering to kiss up to politically connected scum donors.