-- 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
Chicago Wants The 2024 Democratic Convention — Even Though Chicago Downtown Crime Is Exploding – Chicago Tonight — Even More Absurd, The Video Promoting Chicago As A Convention Site Is A Three Minute Video Valentine To Black Lives Matter — The Group That Rioted, Looted, And Burned Chicago In 2020 – TWICE
Gee, the shootings in my little town have been ZERO per 10,000 for the last 32 years. Why would I ever want to go into downtown Chiraq?
Why? More like, why not? There’s all the violence, vice and virtue signaling you’ll need for a lifetime!
Good question. I lived and worked in the city until age 51. I escaped and live in a nice rural area still in illinois, I know, why, but i get nervous heading towards Chicago after i pass the Fox river on I90. Just the thought of being there gives me shivers.
Chicago is rotting from the inside out with the cancer of crime — it will be `10 times worse once the Democrat laws banning cash bail go into effect next year.