-- 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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Pure stupidity, lies and gaslighting her MSNBC audience. All other states opened early and they are wrong. Only IL is correct. When in fact today, we had double the deaths as yesterday! Double, our death rate doubled today from yesterday, and we haven’t even reopened! OMG THE SCIENCE AND DATA DOESN’T ACCOUNT FOR THIS SCENARIO!
Daily reminder that Lori got her Juris Doctor from the University of Chicago. JB got his from Northeestern. I see now why my cousin got his law degree from Indiana University…