-- 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
If the protestors called for Rubber Baby Buggy Bumpers the mainstream and social media would have it as a top story.
“As Chicago goes, so goes Philly — majority of residents want the same or more police presence in their neighborhoods – Broad +Liberty…”
+$$$$$$ from those that work for a living.
Go Screw!!!
Philly had some strange Kim Foxx lovefest earlier this year. Strange there’s been no follow-up.
https://fusion.inquirer.com/opinion/editorials/chicago-homicides-decline-gun-violence-shootings-philadelphia-20200110.html