-- 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’s right, who he is will remain. An idiot.
Take the under for how long it takes him to bring up slavery.
First question to him that day should be “why did you refuse to put your sanctuary city status to a referendum?”.
What he’s going to do on March 5th is be made a damn fool of in front of the whole nation. When the likes of Hawley, Kennedy etc. start grilling him, all his slick talk and socialist dreams are going to evaporate.