-- 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
People still wearing masks all over the place. Still see them in cars driving alone.
The Wuhan Virus disaster actually ended about 500 days ago. It was the Pritzker Disaster that just ended. Nowhere else in the country has this lunacy lasted so long.
Why so soon?
Most in my downstate area paid any attention to covid any more with the exceptions of hospitals and some medical providers. However bear in mind Pritzker could have called out his various law enforcement tools, ie state police, to impose his will upon us. In the future we could hear “the Governor’s declarations have been imposed before so there is precedent’ even though it was not forcefully enforced. This is part of your future Illinois and you can be sure despots like Pritzker can and will use it in the future. Illinois taxes are bad enough, the power carried by… Read more »
This is the tyranny that the founding fathers warned about. And why the 2nd Amendment exists. I wonder if fatboy and his Democrat enablers understand the potential consequences of their actions. Next “pandemic” that “requires’ emergency disaster proclaminatin may have a different response from the sensible and intelligent citizenry.
If you count illegals, the numbers are a lot higher.