-- 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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Sure, maybe JB can throw out the first pitch. I would pay top dollar to see Jelly Bean get winded trying to walk up the mound. And watching him try to throw would be priceless. Of course he would mandate that the catcher designated to handle the pitch be a member of the alphabet soup gang.
MLB backwards BLM has made a critical mistake
clown