-- 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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I was hoping for “won’t” instead of “really reluctant to.” “Really reluctant to” is ominously non-commital.
HE NEEDS MORE FOR ILLEGALS ……..HIS VOTING BLOCK TO STAY IN POWER
He should apply the same logic to every dollar of taxpayer money that he spends. What’s the long term return for the taxpayers on the ridiculous woke agenda this turd keeps pushing?
Crocodile tears and smoke from a pal of a consortium that is buying up property around the United Center like there is no tomorrow. All a bunch of posturing.