-- 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
Rich person’s problem.
This story brought a tear to my eye, the horror! This law school graduation if forever going to be marred by the tragedy COVID inflicted on this poor family. I believe a GOFUNDME page is in order!
This type of hard hitting journalism will definitely bring the Tribune back from the brink. I smell Pulitzer!!
I was in WI two weekends ago, at a wedding with 200 people, and no one wore masks. It’s like coronavirus didn’t even exist.
Contrast that to IL…
Illinois is New China. Literally.
The Mrs. and I went to IMS for practice and qualifying for the Indianapolis 500 this weekend. The track mandated reduced attendance, and kept harping on masking up and social distancing.
98% of the people in the grandstands weren’t wearing masks, or social distancing.