-- 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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100% capacity by 2024.
But they’ll have only 40% attendance as all of the shows, tourists and conventions will have moved elsewhere.
Too bad, so sad!
You should have allowed Samaritan’s Purse Franklin Graham to run your field hospitals.
The Christians can always do it better than any government.
And they do it for FREE!