-- 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
My email to Samir…. Your article is typical of your “head in the sand” idea about what is going on in downtown Chicago. Covid has very little to do with it. The business community in this city has had it with you and lori’s pandering to the domestic terrorist blm organization. You decided to remove statues, gave into the mob and that caused looting. With things finally settling down, Lori in violation of the rule of purchasing put up those Breonna Taylor, a known drug dealer, billboards. And Lori has allowed Jamal green, a cop hater and con artist, to… Read more »
Ooh, nice job!
This letter is a service to the city. Thank you. Amazing how a small mob of political poison-people can devastate a great metropolis.