-- 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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Notice how Fake Judge Tim Evans — and the Crime-Enabling Illinois ACLU — assume (despite facts) that letting violent CrimeThugs out of jail will not create a crime wave.
The Mayor is in her angry, big mouth, finger pointing mode on this one. Remember that no one has EVER accused her of being smart. She believes in making friends by insulting everyone.