-- 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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We are in the middle of a pandemic. She has a police force that has been tasked with mainly enforcing this.
Does she not have anything else to do other than let her inner tyrant out for some spring-time power tripping?
Or is this all just a PR exercise?
The police are too scared of catching Wuhan so they’re barely even getting out of the vehicles unless absolutely necessary. The criminal elements know this too, which is why they can shoot at each other with impunity during a supposed shelter-in-place order.
Groot had to show off her hair. Isolation for thee but not for me!