-- 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
Dems have spent over 4 years trashing Trump, leading inexorably to their current tactics of looting and destruction. Now Biden is telling us that if we want to restore peace and tranquility we need to elect HIM. We’ve received the ransom note it’s up to us to measure the future cost of extortion. There used to be a key on the old cash registers that would ring up NO SALE. Urban dwellers have been buying this from the Dems for decades. City for sale — fixer-upper; needs law, order, infrastructure, education system and economic base. Act quickly. Offer expires Nov.… Read more »
What Chicagoans need to be safe is the same protection she’s declared herself entitled to