-- 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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lesson #1–fiscal responsibility by the state of ILL is for suckers… so as long as there is more home equity to be tapped via property taxes—
Evanston = “You Can’t Fix Stupid”
Evanstons reparations is just child’s play. Gov Newsom proposal for reparations is $569 Billion
https://www.newsweek.com/california-reparations-could-see-newsom-give-black-americans-223k-1764114
Now of course Pritzker will try to top that!
Hmm, can I identify as black and get in line for this handout?
Oh boy, woke reperations-ering on how to divi-up “$free stuff$” (I assume on the taxpayers dime) as a growth industry for an Evanston & Chicago???…..we used to produce things, but that so yesterday