-- 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
So the black neighborhoods pay for Amazon while the White neighborhoods get free next day Prime delivery?
I thought not putting more police on the streets was a good thing
If Amazon workers were unionized then there would be no problem.
That is the way it works.
The Rich get richer and poor honest working taxpayer gets poorer.
It is their fault that they did not become a government worker.
Support your competition is the Illinois way.