-- 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
Today is Wed and his corpulence has already failed as governor. LOL, this is hilarious. He did not make it even 72 ours before he failed.
Good luck to JB. As soon as a politician invokes the word “fair”, you know that they are off the reservation when it comes to economics. He will practice “normative” economics; not “positive” economics. I have real disagreements with his potential and announced policies, but he won the election. I hope he doesn’t fail, but I will guarantee the wealthy won’t hang around to see how it will work if he uses them to achieve his goals.
Calif just elected a spendthrift for Governor as well.
Where’s my free stuff?
Ask AOC who seems to be stealing the show from Ms. Pelosi.