-- 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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They don’t call it the Windy City for nothing. More hot air.
In Kendall county, I still see most people wearing masks in the grocery store. They are probably not afraid of Covid (48 cases last week in a county of 130k people). But they are deathly afraid that they might get “caught” by some of their friends if they are out without a mask. Fear of social media is much stronger than fear of Covid now.
Everywhere I go mask are being ditched except for the ones that still wear them while driving alone in there cars. Ditch them, the game is over send Pritzker and his minions a message.