-- 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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Is this a shocker to anyone? Chicago is lost. MAGA
JBs never had a job. These numbers make perfect sense to him! Why would anyone work? I never worked and I’m an important billionaire! I’d love to hear some of the excuses for people expected to come to the office a couple of days a week! I wonder what mental trauma diagnosis symptoms come from” I don’t want to”?
There’s more to this than the extended stay at home welfare – Chicago is crime ridden, and many don’t want to come back to shop, dine, visit, work, etc. Chicago is unsafe!!!
Our big headed governor is paying people to sit on the sidelines. These lazy do nothings will be happy to get free money rather than put in an honest day of work. That’s not what made America great, but we all knew that already. JB is a disaster for our state.
Always at the top for negative stats and at the bottom for good ones. A democrap utopia.
I can’t imagine that Chicago’s new $15 minimum wage is incentivizing businesses to hire new employees.
Automation here we come just couldn’t leave well enough alone