-- 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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CORE will insist on putting all the pension funds in ESG funds , which are tanking, and put the virtue signaling tab on the chump taxpayers back—EQUITY!!!
Well the voters want these politicians that support ESG so it only makes sense that it’s backed by the taxpayers. The taxpayers are not victims here.
If the taxpayers want leaders that just want to maximize returns instead of virtue signal investing, they will need to start changing their voting habits. Otherwise they are clearly demonstrating that this is what they want.
Am I missing something here? Wasn’t this election conducted among CTU members only? How are you ascribing these results to the voters/taxpayers?
Actually, I looked and ESG etfs are doing good, like ESGV, they’re loaded up w big tech stocks just like a NASDQ etf. It’s the clean energy etfs that have tanked, down 30% ytd