-- 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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Don’t look now, Governor “ Economic Growth “ , but your touted electric bus company, Lion, is now shuttered, in bankruptcy proceedings and up for auction. Waddles knocks another one out of the park! Small wonder his family won’t let him anywhere near the business.
It is a sophomoric political ploy. When the fed funds don’t show up, JB blames Trump for hurting economic growth in Illinois. Such a simple facade to see through.