-- 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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Send them to the closest Hyatt hotel and have them hang in the lobby.
Or Logan Square
Welcome new Americans??? So ILLEGAL aliens storming the southern border from nations all around the world are now considered “New Americans”. A slip of the tongue from Lightfoot to prove democrats are loading the voter rolls with new supporters who are criminal aliens.
Again folks, the phrase is “Public Charges.”