-- 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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Correct me if im wrong, but i believe method soap factory, which got $10s of millions in tax subsidies, is not unionize while metal scrapers that ligtweoght promised a location on southside and then backout after protests from eco nut jobs is unionized
Chicago–once 2nd to only NYC area as industrial capital of the world. That’s what Chicago was built on. now Chicagos only industry is producing fake liberal activist race hustlers for which its doing a bang-up job
Fixed the headline for you:
“Eco-Fraudsters, Race Hustlers, Trying To Destroy Chicago Industry — And The Needed Jobs It Creates”
You’re Welcome