-- 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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Hmmmm..did he ever give a straight answer?
Of course JB wants another statewide shutdown. His goal was to destroy small business (because small business owners tend to be Republican) and to increase the welfare state. He is now seeing that not all of the small businesses were destroyed so he wants to crush the remaining survivors. And of course I say “JB” but JB himself is way too dumb to think of such a strategy. Instead his puppet handlers are directing this Democrat dream. Plus his handlers think that it will help the national optics for his 2024 Presidential campaign.