-- 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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Been hearing about the United Center as a vaccination center for some time now. Been hearing a lot of things about what might happen. But, it isn’t happening now. Nothing much is happening now. Very limited accessibility and limited vaccines. Typical Illinois. – If it can be mess – it will be.
Lori and Arwady has been discriminating against the elderly, disabled, immune compromised and cancer and heart patients since the beginning to prioritize vaccines to the permanent victim class regardless of age in exchange for votes. She now wants to thank senile Joe. I can’t wait until she gets kicked out of office along with Pritzker.