-- 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
Was that zip codes or race codes?
I just saw a story on channel 9 about a church on the southwest side giving vaccines to any Latino, regardless of age. Why is this allowed? The elderly, disabled, immune compromised and cancer and heart patients still can’t get vaccinated. Lori and dirty haired Arwady will pay for this at election time. Too bad the gutless media is afraid to get on Lightfoot for this obvious and blatant discrimination against white people.