-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
News anchor: “Who is more oppressed and disenfranchised? Homeless blacks or hispanic illegal migrants?”
“We are!”
”No, we are!”
Anchor: “We investigate tonight at 10!”
*me, on the couch with a bucket of popcorn* …. “This is gonna be great”
Mark, let’s call a spade a spade in Wirepoints. Public Charges or illegal aliens.
Wow, some of those black alderpeople sound like the white supremacist Trump supporters. What’s going on with that?