-- 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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Doctors and epidemiologists are not elected officials and are not representative government.
Funny how we take the word of these experts and override the law and the constitution but when expert actuaries say pensions must be slashed and tax increases won’t solve the problem, Jelly Belly follows the law and the constitution.
“Rules” such as your implied one here are often only generalizations and encountered all the time. For example, who can explain why Arkansas and Kansas are pronounced so differently when even a fifth grader’s common sense suggests otherwise?
Governor Pritzker does not listen to the experts who say play football and open schools.
There is a debate among the experts as to the best course of action.