-- 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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If he recovers Kim Foxx will charge him with interfering with an act of correcting a miscarriage of justice against POC.
Never get involved, never get involved. Especially if you’re a suburban guy with the wrong color skin, you’ll be shot, and probably end up incarcerated yourself.
Strongly disagree. When you see somebody who needs help, help them.