-- 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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We don’t need advice from Dumb and Dumber
All these transit entities spent their Covid bucks without addressing the structural changes brought on by the pandemic. Too late to cry wolf. The Democrats refused to close the border. The Republicans should let big cities fail.
Two more embarrassing Democrats continuing the Democrat party history of looking for handouts. Not only do Democrat voters constantly look for handouts, so do the elected Democrats. It’s like they have a mental defect of avoiding personal responsibility. Hey wait, they do! Newsflash to these two grifter simpletons. Illinois is a rich state and Chicago is a rich city. All of the public transit that they speak of is inside Illinois’ borders, so there is absolutely zero Federal stake here. Let the elected Illinois Democrats in this one party state do their job for once and solve any problems they… Read more »