-- 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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Wait until we have a real heatwave. Then the fun will really start.
The Dems are not “reimagining” hard enough. They need to close their eyes tighter and wish more fervently for AOC’s promise that “it looks like a suburb”.
Next tourist attraction, “Boot Hill” located in the soon empty lots next to the Hancock building. Burial place of gang bangers who lived died on Michigan Ave.