-- 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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Who feels confident that Governor Pritzker, Mayor Lightfoot, and Cook County State”s Attorney Kim Foxx have a solid plan to protect property in Chicago in the event of future civil unrest?
How about banning umbrellas at protests?
Not an ideal solution but given what has occurred the pros outweigh the cons.
We need much more than National Guard on ready alert.
We need a whole new attitude, approach, strategies, and tactics.