-- 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
What’s changed? Plenty of jobs everywhere, pile of free government money doled out, more social programs than ever before, yet more people are acting like a*holes on public transportation. Why now?
Where you not here for the 2020 summer of love? Acting like uncivilized animals is now social justice. C’mon man! #LetsgoBrandon
If you don’t live or work in Chicago, you would never think to go there. If you do live or work in Chicago, why?
As a wise young man said:
“Because there is something wrong with us!
There is something seriously wrong with us!”