-- 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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Seriously Pritzker but it has
Hmmmm, Yea Sure! The Tribune has covered nothing but Highland Park since the incident the whole thing is going to blow up in Arbuckle’s face. A FOID card issued to guy who threatened to commit suicide with a machete! We need Red Flag laws! Anyone red in the face with rage can buy a gun! The investigation won’t start until they can change all the laws to reflect the state was in compliance issuing the FOID card. They’re waiting for the ink to dry!
In what fantasy land is he living in?