-- 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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If someone were protesting and said someone like Mayor Johnson or Governor Prtizker needed to be “eliminated” how would this be taken? Does this imply a physical act of violence or voting them out of their elected office. As the State’s Attorney said you have to look at the nuances…especially if the throwing of a root beer soda is involved.
Trying to bake the right to free speech into a cake of criminal offenses does no favors for anyone.