-- 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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10M to an industry being eased out of existence by AI. “ That’s a good deal!” say noted economists Raggedly and comrade Flintstone.
Article doesn’t open, link not working.
I’m confused. While JB warns of dire fiscal situation and increased taxes in latest budget, he keeps handing out $10 mil here, $10 mil there, in grants and “free stuff” with seemingly no end in sight which I assume is still from remaining COVID $bucks? But no pol or nobody in press ever ask how many $millions? $billions? JB has left in COVID $bucks?
DON;T THINK HE WOULD TELL YOU