-- 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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How many workers have been terminated because they wouldn’t submit to the jab mandate? That may be one of the many reasons for low resources.
Hero one year; zero the next.
Setting a new record, the report uses the phrase “experts say” five times without identifying the experts. But this is a real and very expensive problem. I wonder how many fewer autistic children there would be if fewer vaccinations had been given in recent years. I wonder how many more staff would be available if covid vax wasn’t required.