-- 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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Adams and Raggedy two peas in the same pod as they wanted to defund police, yet cry about spiraling crime. The want to decriminalize everything, yet are dismayed by the increasing number of violent attacks on police and citizens alike. They trumpeted their “ sanctuary city “ status, yet when the illegals actually showed up, it was Trump’s, TX’s and everyone else’s fault. They both seek to drive the few major tax paying entities out, but want streets paved with gold for the right “ folks “. They are both dismal failures and regrettable decisions that hopefully aren’t repeated.