-- 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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Isn’t just utterly amazing not one signal word from any politician on both sides of the fence about systemic racism and BLM not a word I guess they all figured out they better stay away from this topic for good.
Cackle Queen Kamala won’t move the needle. She probably doesn’t need to. Stashing her in Illinois where she will do minimal damage is the only thing the Dems could do. She’s toxic all day long and could hurt a close race for the Dems.
Kamala is as welcome stumping for politicians as Lori would be. Both are toxic and a drain on getting out the vote. Lori is a living legend, a talking Coelacanth.