-- 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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Lori, we follow your logic! What’s next burn down Garfield Park, Austin and Englewood. They have nowhere to hang out! Reimagined Midnight Basketball? Just let the bars run 24/7. Think of the tax revenue! It’s a win win.
Anarcho-Tyranny
Tyranny: The regime is closing legitimate businesses for minor and insignificant ‘code compliance’
Anarchy: The gangbangers who loitered at the gas station committing crimes are free to commit crimes elsewhere.