-- 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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Read the Cap Fax comments on this. When unvaccinated BIPOC in the northeast part of the state have disproportionate vax rates, the comments say its because of systemic racism, or bad outreach, and one commenter even said that they can’t afford to take off work after the second shot (Which frequently causes CV symptoms). But when they mention southern IL unvaxxed, its because they are ignornant, hick, stupid, backwards redneck racists, and they better get their act together to stop the spread, by wearing masks! Hahahah These people are such bigots and they don’t even know it.