-- 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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Sounds like he got more time on the track than some of the actual race drivers. The whole disastrous idea was a literal washout. An appropriate send-off for Lightfoot, whose entire time in office was a washout.
Tried to get the checkered flag first.
Nothing to see here. The real story is JB importing thousands of unauthorized illegals who’ll be driving along with you and yours!
With valid driver’s licenses!
That JB, whataguy!