-- 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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Realize JB is returning a right he had no authority to mandate away. The only reason it worked was widespread panic and instant compliance; according to Johns Hopkins, masking had infinitesimal if any impact on spread.
Based on his response to the IL Supreme Court’s recent ruling, he claims the right to do it all over again.
End his executive powers – now! And permanently in November.