-- 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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Once again, its simple–how can idph make ther required inspections when jb has alowed its afscme employees to work from home indefinitely with zero layoffs while reciving gigantic pay raises? Same goes for ides…& little pushback from hapless Illinois reps
Took enough time
Take into consideration nursing homes, long term healthcare facilities and hospitals have all been operating without civil liability since Pritzger signed order 2020-19 in April.