-- 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
Start with property tax reform.
I don’t know what they are talking about. I just witnessed a state sponsored homeless camp today. It’s just west of the Lake Street bridge, Lake & Canal, under the railroad tracks. There are several big industrial orange tents full of homeless people. These tents have been there for at least 6 months. These can’t be the only ones.
Billions more in $$$ for the grifting Homeless – Industrial Complex… the more is spent on “homelessness”, the bigger the problem becomes – a pretty sweet deal…!!!