-- 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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HOLD THE LINE. This in not about a vaccine or virus, it is about tyranny. We have been sold a lousy bill of goods.
My comment is awaiting approval? What is this now, twitter?
Ambiguous- Sometimes the software god puts things into the “needs approval” box for reasons unclear. Nothing is in there now so all yours should be posted now.
Why doesn’t Catanzara file a federal lawsuit on the question?
This is a Bill of Rights issue for his membership, not a States Rights issue phor that Phat Phuc Governor.
P.S.
John: I will send you my bill in the morning.