-- 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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This man is asking for about 10,000 respirators but last data provided Online shows about 4,130 certified respiratory therapists in Illinois. As usual his math doesn’t add up, who’s going to run these complicated machines.
If only Jabba hadn’t taken the toilets out of his mansion to avoid paying property taxes! That money could have been used to prepare for covid! How many thousands more will die because of billionaire Jabba’s greed?
This guy is really, really getting on my nerves…
Sure seems to me that most folks would agree. We will see.