-- 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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Have Guv Pigchop put the toliets back in his spare mansion and we can put a lot of them there!!
“The Home Illinois plan is led by Illinois’ first-ever Chief Homelessness Officer, Christine Haley.” The extremely tax-abusive IL government can’t create enough high-paying state government jobs and offices.
Homelessness in America is just getting started.
JB, just put em up in your hotels. Problem solved.