-- 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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He doesn’t care what happens cause he’s loaded with dough…….the rest of us………so what is his attitude……just pay my taxes!!
Population surveys show that middle class people are fleeing in droves and are being replaced by poorer people and some higher income people. Look at the once working class suburbs that now, in many ways, are third-world hellholes, where the children in school can’t read or write, the strip malls are half-empty, the new residents don’t eat cheese so the pizza joints go out of business, the apartment complexes and single family home neighborhoods are run-down, there are vape shops and weed stores and slot machines on every corner, and fewer and fewer people natively speak English anymore. No wonder… Read more »
He caused the shrinkage……..maybe one of his high priced over paid employees should tell him the truth for once