-- 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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Mexicans can recognize terrible leadership when they see it. And terrible leadership is making the State far less attractive a place to come to , so why bother?
Luis Gutierrez the open boarders zealot again repeating the same lies and hate. He sucks.
I know half a dozen Mexican born business owners and families that have either moved back or sent their kids back to Mexico because, wait for it, its safer there than here in Chicago.