-- 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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She should take one of the jobs the immigrants that are being deported are leaving vacant.
A really good article.
This one sentence describes IL Democrats and their partners in crime so very well:
“A hubris necessarily surrounds the clouted, so much so that they are often indifferent or refuse to even acknowledge the problems they create by their ineptitude.”
The way Lisa rather abruptly left office should’ve been an omen as to something rotten in IL, the something most likely including her father.
I can’t open this article.
Link is fixed now:
https://substack.com/home/post/p-166717673