-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Big deal, who cares? They’ve got to get to the bottom of this! Maybe later we’ll do something productive. You should award these people for embracing the vaccines!
Northwestern did the same thing by early vaccinating celebrity chef Rick Bayless, friend of Loris and other vips.
“The subpoenas represent demands for records and information and made no allegations of wrongdoing against any Loretto official. They also do not spell out the scope of the grand jury investigation or its targets.”.
People from Trump Tower were vaccinated, can anyone guess who the target is?