-- 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’s so infuriating to read articles like this about labor shortages and the article COMPLETELY IGNORES THE QUESTION THAT MAKES THE ARTICLE: Why is there a labor shortage?
Because they dare not question Biden’s extra $300 a week Pandemic Unemployment Assistance. So they completely ignore the question WHY CAN’T EMPLOYERS FIND WORKERS?
This is why no one wants to subscribe to the trib. It’s a worthless rag not fit for firepit kindling.