-- 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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Finally something good to say about Krishnamoorthi. This bill is long overdue.
Courtesy of twitter, facebook, instagram and snapchat!
Notice he didn’t introduce this before the election? Dems didn’t dare touch TikTok until after all the kiddos voted for them.
Agreed – for the most part Raja is a waste of space.