-- 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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Less than half of whom will find jobs and less than half of them will continue in said jobs before returning to a more lucrative life of crime.
So an inmate can only get a job in the green energy sector but not if they want to work as a carpenter or plumber. They can get out of jail and directly go to work for Gotion making batteries no one wants or can afford. Makes sense now. For a brief moment I thought Pritzker actually had a good idea but just for a nanosecond and quickly came back to my senses.