-- 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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When I think of easy to eliminate government waste, I think of superfluous positions like Illinois’ Climate Cardinal JC Kibbey. Author of this puff piece and devout climate disciple Kelley Engelbrecht clearly embraces the coming brownouts and blackouts that will accompany the application of the tenets of Clerics like Kibbey. With the absence of any concrete rather than contrived evidence of increased temperatures coupled with the forty-year zero batting average of doomsayers’ temperature, tide gauge, and weather event predictions, the church of Climate is mounting a full court press to ensure that the Chumbolones disregard the evidence supplied by their… Read more »
No mention of Illinois pending electricity crisis, which even Pritzker recently acknowledged. Living in La La Land.