-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Illinois and JB Pritzker have never been the answer to any problem ever.
There is no such thing as non-partisan climate action because climate change is a belief system not reality.
Yeah, a governor like Jabba, with a huge personal carbon footprint is a great example for the world. A man with multiple personal residences across the country that are referred to as mansions, and a jet setting family traveling on private aircraft on a whim, serve as a true beacon of hope in the fight against climate change.