-- 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 hereby borrow a phrase from Dean Wormer to describe Chicago’s leadership response to violence in Chicago, “Fat, drunk and stupid is no way to go through life.”
Blacks shooting blacks…that goes against the liberal narrative. Its all white MAGA people who are suppose to be doing this.
The response from City Hall and CPD leadership should be “We don’t know what the f..k we’re doing”.
Nice, Nice!