-- 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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Johnson Releases Plan To Soak Taxpayers For Cost Of Illegal Aliens
As one might expect, a lot of vaporous-n-woke ‘all hat-n-no cattle’ progressive blather and harrumphery.
Come ‘boots on the ground’ publish a budget time, we’ll see how much campaign-promise bread BJ can cover with whatever little dab of ‘new revenue’ butter he’s actually been able to come up with.
I predict another Illinois Dem ‘wish sandwich.’ Two thin slices of moldy stale bread, and you wish you had some meat.