-- 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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Hmmmm….Lori is roiling mad! Epiphany! No vaccines, No Days Off!
Airlines have to cut schedules because they lack sufficient personnel. CPD is short officers to respond to calls and the officers who remain on the job are being worked to death. Most restaurants have ‘help wanted’ signs and can’t staff their shifts. Health care worker shortages. Teachers union strikes and tantrums about COVID restrictions. Illinois-wide students who can’t read or do math at grade level. Why all this chaos in Illinois? Pritzker and Biden’s flawed and overbearing response to COVID19: Shutting down the economy and schools while allowing liquor and big box stores to remain open while banning church services… Read more »