-- 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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Government doubling down on problem that shouldn’t exist. Hmm, why doesn’t an enterprising GOC ( grocer of color) open up a store in Garfield and clean up?
More free stuff for the hood. Non of this money will likely be spent outside of Crook County. You’ll also never see a report detailing where the money was spent. You have to give it to Governor Blowhard, when it comes to having food available, he isn’t taking any chances.
Government paying for energy cost problem that government created.