-- 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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The offenders don’t fear any consequences because of JB, Lori, Toni, Lil Kim and Judge Tim. You can put thousands of additional cops on the streets and it won’t matter. The social justice warriors have decided we will not pursue or prosecute.
Toni dressing up River North with sandbagged revetments. Parking a tank in the street might be overkill and frighten the citizens! Lori?