-- 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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He would take a contribution from a Girl Scout selling cookies
This has been a problem and “business model” for a long time. The most egregious example is the complaint against big tech by numerous school districts for harming children. I can’t figure out how a school district has standing and see it more as a political donation. Tax rules are favorable, too for dirty tricks like this.
And the circle is completed. Come up with a lawsuit, whether with merit or not, win big against the city unwilling to put up a fight ( it’s only taxpayers money, after all ) and kick some sugar back to the “Dope “ on the fifth floor. Repeat as necessary . .
How stupid is Johnson?