-- 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, your being schooled by a Texan. He’s making you (more precisely; us) pay to play Sanctuary City!
Why is it Governor Abbott’s fault Brando, you ignorant buffoon? Texas isn’t a sanctuary state. He is trying to keep these illegal immigrants out, and getting zero help from the Federal Government. Governor Pritzker and you Brando, have repeatedly stated Illinois is a sanctuary state and Chicago is a sanctuary city. THIS IS YOUR FAULT BRANDO! By now the people of Chicago know that you are intellectually and morally challenged, but you don’t have to prove it every single day. Please, if you aren’t up to the job, just resign. We’ll understand.