-- 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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A more eloquently put, “STFU about Chicago because you ain’t from Chicago”.
I disagree.
Why does “-2” agree?
Good darned question.
For sure. Stop lamenting the days that were devoid of repeat offenders knocking people over the head and robbing them at all hours of the day. The days when illegal entry/ possession of a vehicle was called carjacking. The days before a far left leaning union installed the incompetent mayor of the city. The days when police could give persuit to criminals that commit crimes right in front of them. Yeah, forget about those days and enjoy the current “ rich, diverse tapestry “ that is now a Chicago two step shy of Detroit.