-- 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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After reading this articale how could anyone NOT be suspicious dems may have had political motives at both state and/or national level to use covid, to extend the crisis for political gain? Was there any plan, directly or indirectly, to keep the crisis going until November elections? Or until next presidential election? And keep handing out the covid “free stuff” /vote buying giveaways? Maybe the defeat of bbb and skyrocketing inflation squashed those hopes for dems? Who knows???