-- 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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I’m beginning to think keeping those bars open and not postponing the primary was not a wise decision. Is this why Pritzker and Lightfoot are scapegoating trump? It would be refreshing if politicians found fault with their own actions for once.
” Is this why Pritzker and Lightfoot are scapegoating trump? ”
Because their voters eat it up. Look on twitter, it’s blame Trump for everything, and ignore all the obvious facts to the contrary. TDS is a worse disease than the coronavirus.