-- 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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It’s not a talking point … Democrats ARE soft on crime. Cook County State’s Attorney Kim Foxx is a sterling example – followed by Judge Tim Evans, Tony Preckwinkle and Mayor (talks big) Lightfoot.
They tolerated the 2020 riots to influence the 2020 elections, opening the door to the mess Chicago has now.
What you sow, so shall you reap.