-- 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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Groot wants to kill Grandma!!!
For anyone who cares, the comments over at Capitol Fax, for once, seem to be very skeptical of Lori’s response to this, and some of the regular posters seem to admit that this might qualify as a disaster. I wasn’t expecting that response from Capitol Fax of all places. There’s a bunch of randos commenting too that they are very unhappy with IL’s response to this looting, that still continues, even today.
I do find that interesting. Mostly cannot stand the bent of Capitol Fax commentary.
People have been saying for weeks that it’s time to open. OMG this woman is stupid
Full-on moron, and untrustworthy. She’ll use any excuse to lock people in again. If not actually antagonizing to bring the “justification.” Waiting to be wrong…