-- 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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That is over 82,000 a day on avg. ha ha ha ! Folks, when do you think they will realize we know it’s all BS?
How many were out on home confinement?
Flying through O’Hare and Midway doesn’t count.
This is North Korea levels of propaganda. No one believes this stuff. Next, the the president and CEO of Choose Chicago is going to tell us that Lori Lightfoot played golf once and hit 18 holes in one, and it so perfect, she does not have to use the bathroom, and is comparable to Kim Jung Un.