-- 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
I haven’t watched any local news in years. Maybe if there was a nuclear flash I might change the channel to see if they know anything. Markham? Doesn’t the county maintain a courthouse there? Potential water scandal?
My household has started watching Channel 2 news instead of Channel 7 news because of this story. ABC 7 became super-concerned with woke issues in the past few months and had a feel-good story a week about CPS kids getting their first shot with the anchors smiling with joy. I flipped over to CBS for the first time ever and they has this Markham fraud story on. I looked at my spouse and said “we’ve found our new 10 pm news!”
Do not watch any local news anymore! All liberals
Where else am I supposed to get my news? Capital Fax?
Tip of the iceberg towards uncovering this massive fraud…