-- 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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That’s all?? Two?? I doubt that will deter the next round of looting. Why not loot if there are no penalties. Hey Kwaumie Raoul and Kim Foxx, where are you on this? Lining up the prosecutions or participating in the riots and looting??
Hey Hollywood Foxx, those are some high end designer dresses that you wear. Are you getting your wardrobe from looting on Oak Street?