-- 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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It looks like the Second American Revolution has already begun in Illinois…
Yes, racism. Chicago need not break up gang bangers’ loud and raucous late night street parties in black neighborhoods while there are other (mainly white) people at Millennium Park during daylight hours acting civilly. – Chance the Rapper when he volunteered his comment on Twitter. (he actually said: “Yo I seen HUNDREDS of ppl at millennium park and and pics of even more at the parks on the north side. Outside, no masks, no social distancing, enjoying themselves, please stop sending large groups of militarized police into our neighborhoods exclusively”) * well Chance, don’t worry, she only sends SWAT teams… Read more »