-- 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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BJ priorities are more welfare — defunding the police
“Johnson also explained how using the City’s guaranteed income program will help his administration center plans and initiatives for the formerly incarcerated population.” WTH is this dude talking about? He isn’t smart enough to know that if you chase out the majority of the actual tax payers and you chase away tourism and business in the City…there is no “revenue” for him to spend on his “programs”. Perhaps this guy should focus on making the City safe and protect businesses…then he can “get his money”. What an absolute joke.
Kamala Harris would be proud of the quotes in this article, both from the mayor and the attendees. Word salads for everyone!