-- 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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Meanwhile, in Washington DC, the fraudulent elected president takes vacations from a vacation he just returned from. Yeah, that’s the ticket!
Chicago’s Finest, You are appreciated by most Chicago citizens. Sadly, I can’t say the same about Chicago’s political, judicial, legislative and ASA leaders (and it didn’t just start with Groot and Kim). Please don’t try to resolve the frustration by committing suicide. It’s not your fault the “system” no longer holds criminals accountable for their actions. It’s certainly not your fault that 80% of black kids are born out of wedlock and raised by single women on welfare in fatherless homes. If it becomes too much seek counseling, try to transfer to another police department where you’ll be appreciated or… Read more »