-- 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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Pritzker is failing, and now he can’t blame Trump.
At this rate, some people will not see the opportunity to obtain a vaccine till 2022. Illinois is a joke from top to bottom. Start to finish. A complete joke. Our new POTUS needs to take charge and get the vaccines out and administered…where the heck is he? This is the biggest thing on the planet happening…where the hell is this administration. Such a joke.