-- 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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Leave it to the Tribune to carry water for Lori! Missed opportunities? Sounds like a benign way to say she’s a fckn bungler! More like criminal negligence.
The destruction is intentional. They hate Chicago and they hate America and they want to replace it with something else. We are only in the early stages. This woman unilaterally banned unvaccinated people from eating in restaurants for two entire months this winter. That’s just a test run for what’s coming next.