-- 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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Is it even “news” when unsustainable promises aren’t kept? Can a bona fide editorial writer profess surprise or outrage when a failure this predictable comes to pass?
The Springfield Giant roars “fe fi fo fum” and the despairing public replies “ho hum.”
Easter 2021: a basket of deplorables.
Wisconsin is more compassionate to the developmentally disabled than Illinois, as measured by using those waiting for services, according to the article.