-- 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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He wants to ruin as much of Illinois as possible to get more money from the Federal government.
Yeah, Jabba and Lori are morons. They’re burning down the village to save it. Businesses are going to start reopening elsewhere as Chicago and IL refuse to reopen here, and when the financial picture become clearer, nobody is going to want to stay here to pay the bills. At the end of the day, the two populations they claim to be savings are basically the elderly – who should be isolated – and the middle aged obese who can’t be bothered to lose a few pounds to save themselves from the effects of the wuhan red death. So the rest… Read more »
Incredible as it sounds, I think that they are intentionally crashing the economy in order to blame the President and get the White House back in November. Nothing else explains their actions.
Bill-that’s exactly what is happening and add a ram down mail-in voting or everyone dies panic . So obvious ….they are openly saying they don’t care about anything else not “me too” not jobs not peoples lives nothing else . TDS is real Virus
“..isolate society’s most vulnerable to keep hospitals from getting overwhelmed.” Mark, sounds like they stole that from you.