-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
If CC is just too white for TPTB, Jean Baptiste Point DuSable should be diverse enough. JB, please forward my $1000 consulting fee to Wirepoints for their use in operating the website.
Let’s save some money and repurpose that statue of CC that Groot removed. My consulting fee for this idea is just a Benjamin. JB please forward it to the Catholic church of your choice.
The Cancel Culture Creeps At Chicago Magazine Say Illinois Needs To Cancel Its Statues Again