-- 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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When’s Joe coming to console the grieving families … oh, that’s right, there’s nothing here to support his narrative.
Victims in Chicago don’t matter to Joe & Jill.
The mayor might come out and flap the gums, point the finger, and pound the fist about this incident, because that is the topside limit of her competence to do anything. After she is done with her public display, she will go right back to throwing the CPD under the bus in private.