-- 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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sure the illinois health department wants us all sick or dead.
I’m sure that they do. JB’s health Nazis would also still have you wearing a mask, maintaining a six foot distance from everyone and keep you locked in place if they could get away with it. The Big Man cried himself to sleep once he lost the power he got rip roaring drunk on.
He still has emergency powers orders from COVID . WON’T give up that power .