-- 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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So now, if the cities going to offer to fund churches to house migrants, then is city offering EQUAL funding for churches to house US homeless (CTU/Brandon claims the city has over 60k unhoused)? In my nw side neighborhood you got guys living in tents under the bridge 20′ from migrant shelter…EQUITY!!
Ho way Jose! This new money is to be used to grease future Dem voters.