-- 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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Once upon a time foreign policy was a Washington, DC matter.
What part of “clearly outside the scope of our local municipal government” do these people not understand? Just because other cities have caved to virtue signaling on this issue doesn’t mean Naperville has to. In the mean time, real city business and issues are not getting done. I’m proud of our mayor for not giving in.
They should take a stand, initiate a resolution that Hamas should release hostages and surrender.