-- 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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Sure soon to be jbs fair (fake) tax and skyrocketing prop taxes to pay for our zero layoff/ zero risk public sect heros will have zero effect on weather walmart stays or goes and couldnt possibly have anything to do with the whole blm-systemic racial disivestment schtick. Or maybe simply hand over all the looted box stores to blm / non-for-profits/ and phoney minority business and out of the hands of the evil systemic comunity disenvesters–sure they’ll do a bang-up job…because math dont matter to all those folks.