-- 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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Chicagoans have faith in their elected officials? How dumb are you people?
Burnett, like the other council members, sees the fat checks to sit around bickering whether to support Hamas or not and other ridiculous time wasters fading away and thus is beginning to sweat at the prospect of getting a real job.
Financial collapse of Chicago will be a new birth of freedom for the taxpayers.