-- 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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Christmas vacation lasts from thanksgiving to the super bowl
Just wait until the dreaded omicron variant overtakes Illinois with its mild symptoms. Then King Flinstone will see to it that everything is cancelled while residents are forced to stay home and triple mask.
Oak Park River Forest High School cancels activities due to too much Covid news on TV.
Or cancels all activities due to misinformation.