-- 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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Are these “Sustainability” bozos going to be concerned about the massive amounts of carbon released into the atmosphere from the burning and looting after the ANTIFA, Hamas terrorist Lovers, BLM and other Marxist rioters path’s of destruction? Will they be admonished for their crimes against the earth? Or will they be applauded for their “firey but mostly peaceful protests”.
Let’s hope they have a plan for all the debris from the riots and burnt out buildings.
Just leave it in place for 30 years just like on Madison Street