-- 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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Does one notice our Governor Freddie pushing through so many bills at the moment?
Ramming stuff through Springfield. I wonder why?
Could it be an Election is coming up and Freddie is covering his base in the event he loses?
There should be a moratorium on any new legislation being passed 6 months out from elections.
Hacks – all of them. Pandering to the their Woke base.
I see Target, Walmart & Amazon are starting to suffer?
Go woke go broke.