-- 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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And where in the hell are Illinois legislators to stop Pritzker
Our legislature is clearly authoritarian. They loved when Madigan ruled with an iron fist for 36 years and now they’ve totally cool with Pritzker ordering us to wear masks indefinitely. We’ll be wearing masking for years in this state. That will over really well with the tourists from open red states with no mask mandates, right? Come to boarded up Michigan Ave and wear a mask? The stupidity of our elected officials.