-- 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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Congrats to LL. Her last weekend as mayor ended up with multiple shootings and fatalities amongst her voters. Just add them to the tens of thousands wounded and the thousands murdered during her four years of incompetence. I think Brandon is going to be worse.
Lets see if they find any of the killers like they did with the Aréanah Preston killing. Why such a big difference in results? Any killing is a serious crime and should be treated as such.