-- 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
Underserved youths just funnin’.
Don’t be callin them young Capones!
Sorry Maria. A 300K loss may break you. If it doesn’t I suggest reopening in a red state.
Unfortunately, rampant, violent crime is now the norm in Chicago. I thought business owners in Chicago already knew that. That’s why the exodus of residents and businesses continues. To add icing on the cake, I read that many more thousands of illegal immigrants will be arriving in Chicago.