-- 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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A reasonable and nuanced take. Had Pritzker and Johnson cooperated with ICE on criminal illegals, much of the heat around this issue would not have been generated beyond the usual DSA dopes and other far left suspects. Instead they chose an irrational hardline for political purposes rather than doing their duty. They are now getting intense national exposure for their unreasonable actions.