-- 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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So while BLM and ANTIFA were looting, rioting an dburningsmall businesses in Chicago Pritzker refused to send i nthe national guard but for a chance to virtue signal about Trump he jumps in. Disgusting.
He refuses to send the guard for riots but sends them to protect against a non-existent threat to the capital as a virtue signal to his base.
This guy is incredible.
Ha, ha, ha. Those are about the only Humans who will be attending.