-- Connecting the dots between our economy, government and business --
No one is speaking for the small brick and mortar businesses; no one is speaking for the kids and families facing mental illnesses. No one is standing for women who have lost their jobs. It’s up to us, mothers, and women to tell the governor of Illinois our stories, the stories of the small businesses we lean on to be a community, so they can be part of an accelerated reopen plan. Otherwise, they might close forever.
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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