-- 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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This sums up where we are – first session in months, massive fiscal problems, lockdowns, vaccine distribution issues. One of the first bills considered is about home delivery of alcohol??
Yes, and only by large distributors, leaving small craft business out! Small businesses vote Republican, that’s why.
Tells you what there priorities are certainly not the taxpayers, the people of Illinois.