-- 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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Give them time. Putzger and Banjo will blame Trump and my dem till I die neighbor will be screaming at me that his bill is high because of Trump. I just shake my head and hope he dies soon
Cited below is an analysis of what’s happening in New Jersey. They closed plants, stopped coal powered plants, encouraged electricity-gluttonous data centers to locate in the state. Today they have extraordinarily high rates. Oh, but Illinois will be different…
https://rpa.org/news/lab/whats-happening-with-electricity-rates-in-new-jersey