-- 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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All those lockdowns, social distancing, face masks and closings. What did it get us? Covid positives still up. Economy crashing because Pritzger is the King with no pants.
This is a joke right? Illinois didn’t push back. Illinois rolled over and died liked a frightened possum. Florida, Texas, georgia, they fought back against tyranny and kept their economies open like sane and rational people. Illinois proved it’s no longer a sane or rational place. This is why people and business are fleeing and not coming back, because they are sane and rational not hysterical masochists.