-- 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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Three comments: 1) Why is a White Supremacists sketch making the OK sign with three fingers for the “tree” (three)? Someone needs to tweet the staff of the Sun Times that this has the appearance of racism…and then fire the person responsible for this. Cancel culture goes both ways… 2) What about the ignorant Chicago speak, It’s Jewels, not ‘Jewel-Osco’. They always add the ‘s’. 3) Or like the people who’ve lived here their entire lives but pronounce Illinois with the ‘s’ on the end? That makes me angry, they’ve lived here their entire life, and never bother to learn… Read more »
Sammich. And if you are hungry you want a cuppa two, tree.