-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Officials fear restrictions? Quite the opposite, they long for restrictions with every fiber of their beings.
I went to a local park today, mostly outside in suburban Chicago. Lots of people. nearly all of them wearing masks. I of course did not wear a mask, out doors, with 15 mph westerly wind because the science (and the park guidelines at the entrance) say that no mask is necessary outdoors as long as I keep my distance from people. I saw one family – mom, dad, 8 or 9 year old boy – and they were wearing masks, 50 feet away from anyone. My maskless family and I walked past them on a footpath, and I overheard… Read more »
Yes, the “but 500,000 have died!” crowd. Not too many of them in my far west suburb, thank goodness.