-- 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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Cassidy is 100% pure nutjob. And corrupt too. Doesn’t her partner (newt gingrich’s sister) have her dirty hands in the IL cannabis business? The business her partner sponsored in the legislature? https://chicago.suntimes.com/cannabis/2019/7/31/20747754/marijuana-spouse-llinois-pot-bill-sponsor-kelly-cassidy-candace-gingrich-job-cannabis-revolution (High places? Spouse of Illinois pot bill sponsor takes job in cannabis industry — but Kelly Cassidy insists….) See, I feel like I’m channeling Shaun Thompson of AM 560 here, these people get up there and grandstand like they’re your moral betters, and feel so righteous in their crusades to impose their moral degeneracy upon the entire state, but they’re no different than all the other Illinois politicians… Read more »
Cry more.