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.
Maybe the rolling restrictions are an unconscious plea for help by Gov. JB: “Stop me, before I restrict again.”
The “resurgence criteria” warning limits on the Illinois Covid-19 Danger Dashboard remind me of a boss I once had. When we were preparing some pro forma financial statements for a project, we asked him, “How do we come up with those numbers?” He then raised his hand and pretended to pluck things from the air, rather like JB and the IDPH wizards.
Or how about vote for my new progressive tax or I will impose more sanctions?