-- 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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Although distasteful and unappealing, I think you’re safer in Kabul as Joesplained it; everything is just fine. At least the Taliban is controlling some minor order. In Chicago mobs of teens and young adults, our cherished future are attacking people on Lori’s litter free streets! You remember Lori? The face of Chicago! They’re also not wearing masks! WTF!