-- 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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My heavens something in Illinois needs more money? Who would have guessed?
Concentration camps are cheaper but El Salvador has pointed the way for lowering crime,
No cash bail required, Kim Foxx will not prosecute criminals so just close the prisons, give the criminals a cookie and let them continue their crime wave.
LOL, the prisons are filling up, just not with Kim Foxx’s favorite voters.
But you, deplorable? They’ll reopen Tamms supermax just to find a place for you.
Use Police pension money and pay it back later.
I say leave the cops out of this one. Use teachers pension fund bucks. That way they’ll have some skin in their Drmocratic Party game.