-- 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
Quite the gathering with smiling Jesse from Weekend at Bernie’s. Where was Bobby? Engaged at a Chuck E. Cheese doing his Joe Camel impersonation ?
Joe Camel! I love it!
This hyperpartisan tribal virtue signaling is tiresome. Tribe D martyrs a child sex predator at a BLM riot but was killed by a guy who had apparently attended a Trump rally. One’s views on Kyle Rittenhouse are the new hydroxychloroquine – people virtue signaling their beliefs without any care of the underlying facts or evidence, merely taking a side based on talking points and group belief. Everyone takes a position, makes a stupid tweet, outrage ensures, and everyone moves on. Yet, everyone eat it up, and I do too. I watched all the trial coverage, and read all the articles… Read more »