-- 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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3 more dead and 3 more will this weekend than the same one last year. I’m glad crime is down.
He should be saying this to the alderman that voted against it, otherwise next victim please.
As if the City Council doesn’t have the authority to put the failure of a mayor in his place. Shut up, Thr aldermen are nothing but sheep following the policy and plan of the democrats. Boo Hoo