-- 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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“Selle: Losing 2,700 jobs should be a wake-up call to Lake County and Illinois leaders”
Selle is missing the forest for the trees. Partisan left wing ‘woke’ politicians in Lake County don’t care about this because they want those workers and those companies gone. Big Pharma is evil, driving cars to the parking lot for that big, ‘ungreen’ office damages the environment, and many of the office workers are likely republican voting middle class. BE GONE they say! In the meantime, look over here, we’re going to ban a civil war reenactment because ‘history’ offends snowflakes.