-- 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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I’d be in favor of Dem’s running the county IF THEY DID IT COMPETENTLY. Yet, things keep getting worse, we keep losing population, the county’s finances are perpetually in distress, the violence is out of control.
But 70% of voters showed up again at the polls and voted for her. AGAIN. She’s 74 years old.
Well section 8 wic snap and god knows what else is pretty much guaranteed income Plus what ever money you have you no longer have to post for bail.
Weimar has arrived….
Exactly Joe its called COMMUNISM
I read at another source that 63% of the people now feel that another round of stimulus checks are needed to help people with the inflation these days; so quite honestly you are correct.