-- 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
““I’m a progressive, or at least I was,” Melinda Simon said. “We wanted to raise our son in the city, in the diversity I love, but now we can’t take the chance. The politicians won’t stop the violence. And I can’t go through that again. We can’t risk it. We’re out of here. We’re gone.”” Melinda, I feel bad your son got killed by gang bangers, but please stay in Chicago. The suburbs don’t want people like you with your awful progressive values. Your progressive value make Chicago is such a terrible place to live. So unless you’ve become red-pilled,… Read more »