-- 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
You can completely blame Lori – her own party has gone off the rails and become competing factions and mobs of progressives, regressives, wokesters and unions all screaming and shouting over each other. Hell some of the factions are literally buring down parts of the city. I’m going to grab some popcorn and watch them destroy each other. Hopefully a third party or some of Illinois’ impotent Republicans jump on this chance but nah, I’m only kidding myself. At least the show will be exciting.
Wow, this is pretty damning, coming from the Sun – Times…