-- 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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Left Frankfort just before Matteson started work for a new weed farm. Some city leader stated that IL manufacturing has all departed and weed planting is the new “industry”. A local “college” even has courses in weed cultivation. Reminds me of British East India Company,Jardine Matteson and the Sassoon family drugging and demoralizing China to prevent organized rebellion. IL you voted for deindustrialization; enjoy your weed, increasing DUI incidents as well as lowered IQs. Keep voting Democrat and keep your present masters!