-- 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
The only potential growth industry in IL- government.
The whole country (and world) has been recruited into the COVID trials.
Chicagoans will be lining up to be lab rats. No shortage of test volunteers in Chicago. If there are, they can always count on Pritzker to mandate participation.
Thank God we have another billion dollar federal agency to look after us. It’s high time this happened. With Chicago teetering on the brink of bankruptcy, what are the chances that this new agency set up shop in beautiful Chicago? Given Biden is supposedly in charge, the odds are 1 in 3, with only NYC and San Francisco as other potential locations.