-- 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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And why would the honest hard working black families want to stay in Illinois?
White, Black, Yellow, Green– get out of town ASAP for your family’s safety and economic wellbeing. It is not safe from criminals or from the taxman.
I really don’t see an issue here
Those South side community members should identify as illegal Dominican Republic illegal aliens and Lori would put them up in West burb hotels!
I have never seen any reasons given as to why the neighborhood is supposed to benefit from this monstrosity.
Obammy’s Public Land Theft Will Devastate That Neighborhood