-- 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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Just goes to show what slackers our elected officials are. With a bit more efforts on their part, we could be #1
The astronomical bottomless pit of pension payments sucking up city services could never ever posibbly ever have anything to do with the so call ‘systemic disinvestment in communities of color’ or astronomical violence in black communities as the bodies stack up for the fake equity hustler upper income gov class w their constitutionaly GUARENTEED/ taxpayer funded lifestyles. But keep virtue signinaling w your blm sign in your front yard is what’s important.