-- 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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JB is getting some bad advice from his advisors (who he pays partially out of his own pocket). Every time he says something dumb like this he loses a fraction of a point in national marketability. He is already unelectable at the national level since every poll shows Americans want illegals deported, want crime controlled and think much of the protest activity is anarchist/Antifa generated. He will be made a fool of with his own quotes if he wants to get beyond Illinois.