-- 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
Raise Taxes,
Support the Police with your wallet.
Sophia King is a cop hating, pro criminal campaign contribution hustler. She needs to be exposed for what she is and must be investigated for collecting thousands in campaign contributions from a developer trying to get TIF millions for the Michael Reese site. But she tries to defund the police because her south and west side constiuency wants it.
Then, there will be more police in your area. ?
King’s ward is southside only. ?