-- 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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He just keeps getting worse and worse. We are going to transform the city whether you like it or not! Tell us again about Nazi dictatorship?
They are not only saying the quiet part out loud, they are screaming it at the top of their lungs.
Nazi dictatorship? We won more votes than Vallas. Get over it. Probably not even a Chicago voter. It’s none of your business.
Yeah, that 15% approval rating is very impressive.
It’s every taxpayer in IL business when Panicky mismanages the largest city in the state and has to constantly put the bite on the rest us for more money. Ditto with Foxx et al releasing their homies to wreak havoc outside of Cook County.