-- 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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Well, this will seal the deal for sure. Send the most useless DEI flunky to talk business with a group of super high tech foreigners. I would love to listen to her explanation of the Quantum and Microelectronic intricacies and all the technical advantages of the South Side of Chicago. It would be a real hoot.
In one sense, the lack of connection to reality – to competency – is ingrained in today’s global neo-liberalism. In part it may be attributed to Friedrich von Hayek’s Road to Serfdom’s acclaimed message that government interference and economic planning leads inevitably to serfdom.
Right on. Every kid in school should read that book.
It’s a great book. But only maybe 2 out of 100 public school students could read it.
Old Joe read that book in the 70’s. It’s a classic with an aptly named title.
Another taxpayer-funded junket for the entitled. Duckworthless will insist it’s raining on taxpayers’ moistening heads, but we know where the ‘water’ is coming from.
Hopefully we can close the door on this boondoggle before more money gets urinated away on it.
Have a nice “trip”.
A free vacation on the taxpayers dime. She needs to be voted out. She hasn’t done much since elected, other than have a baby.