-- 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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Biden said economy was doing great, best ever, in his State of Union speech.
Pritzker thinks $.3 billion needed in mortgage-relief for Illinois residents.
Cognitive dissonance. Economy great, but economy isn’t for Illinois, #3 blue-state??
Gosh I feel like a fool. I shoulda took out a jumbo HELOC and blew it on strippers instead of paying my shack off.
Another picketer freebie handout