-- 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
How’s gun control working out in Chicago?
This is heartbreaking. Look at the news that spread around the world about Chicago this weekend. 1) 49 shootings and ten dead 2) Chicago police pounding on church doors to break up Sunday services 3) Aggressive rats expanding their eating turfs 4) An amateurish governor who locks up the state with the most aggressive tactics in the US and wont reveal the “science” he is relying on 5) a legislature that adjourns with no ethics reform and an INCREASED budget with pay raises for union workers. This is not the fault of the politicians– it is shamefully the voters of… Read more »
“This is not the fault of the politicians– it is shamefully the voters of Illinois and Chicago who put up with this.”
Nope, wrong. This is entirely 100% the fault of DEMOCRATS. Democrat voters, Democrat politicians alike.