-- 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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Literally there has never been any enforcement on this. I’ve been to all the orange/red/periwinkle/beige/blue/purple states since this all began. For essential/non-essential and even “mixed” essential/non-essential purposes. Not a damn person is asking for a negative COVID test or quarantine. This has been the biggest joke amongst other big jokes since this charade began….
Lightfoot stop this childish travel order update crap nobody is complying