-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Good luck. Has Chicago informed DNC committee and Secret Service that it has only two functioning tower-ladder trucks? That CFD paramedic services have been dramatically downgraded in recent months?
Look for the powers that be to put the best, sunniest face on Chicago for the duration of the convention. As soon as the nation’s gaze turns away, it will be shady business as usual.
BOUGHT POPCORN TO WATCH THE BIG JOKE!!
2020 is etched into the memory of CPD.
1968 is engraved in stone
YOU BETTER BELIEVE IT!!