-- 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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Hey guvnor, I hope you realize you are the “previous administration.” The Federal Government had the responsibility to encourage rapid vaccine development and get it authorized for use. They did a great job. The states were responsible for getting it into the arms of Illinois residents. It is you who miserably failed your responsibility to the citizens of Illinois. If you had spent more time planning and less time finger pointing Illinois might have had a respectable performance, but of course, that didn’t happen.