-- 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 is too busy chasing the casino that will likely be a new empty building. She probably dresses the part too in her Lil Dirk fedora!
Just another ‘mostly peaceful’ weekend in Chicago.
Blame it on the warm weather.
This violence is all caused by the refusal to arrest and punish the blm riots last summer. They are now emboldened. They need to be s as treated and jailed for a long time.