-- 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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If a city reopened but no one showed up, is it really reopened?
“fully open” means no masks, right Lori? The need for a mask is the clearest indication of extreme danger in being “fully open” that I can think of. And the absence of masks is the clearest indication that things are safe again that I can think of.
She is only interested in having lollapolooza because c3, Rahm major donor has demanded it. It will turn into a major super spreader event which will drive us into lockdown for September so the CTU can stay home all year. Lori is clueless.
There is no fully reopening until the masks are gone.