-- 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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Drop them off at the nearest Hyatt hotel and dare the fat man to kick them out
Good destinations: Pritzker’s houses and the homes of Kim, Toni, Dickie Durbin and Duckworth.
Provide a few nice tents and let them deal with the fruits of the Administration’s policies.
Well, Illinois and the Public Charge City deserve to get it good and hard.
Sending a few plane loads to Bidets beach town is karma.