-- 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
Who wouldn’t base investment decisions on far left ESG lies instead of returns?
Frerichs better go to China and India and discuss their climate initiatives. About 75% of forecast future emissions will come from those two countries alone. Wants to limit us in Illinois and let those countries off scot-free. This man is too blinded by local lunacy to comprehend this. A political grifter.
More green lunacy,
Another woke agenda item in the form of a threat. It never ends with these people.