-- 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] says Plainfield Republican Rep. Mark Batinick made a persuasive argument to him about imposing a mandate.”
Nonsense, he was always going to impose a mask mandate just as every other blue state has a mask mandate. No Republican convinced him to do that. This is a political hit job to make Batinick look bad to his constituency… And the studies shows that masks are mostly ineffective and the burden of wearing them outweighs any possible benefit.