-- 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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“And the food deserts that were there before are worse now.”
An unfolding public health disaster. Yet, protestors are still out there, marching through the streets, even though there are literally no grocery stores to buy food in their neighborhoods.
I saw some posts on the internet saying “look at what people are looting, the necessities of life, like diapers and formula, because they can’t afford to buy them in Trump’s economy.” Yet, Kass in his article reports that the looters stole these necessities to use social media to resell and price gouge local residents.