-- 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
Sooner or later someone is going to make a believer out of these little punks and of course the Chicago media will spin it in defense of the little bastards and it will be revealed that little Johnny had ambitions to become a doctor or Suzy was going to be a teacher.
The local media can’t get enough of telling half the story of a Dexter Reed or “ Lil Homicide “ incident in their quest to demonize the police and enable criminals. Even now, they steadfastly refuse to identify the race of perps while said information is available on CWB. They are still reporting according to rules laid down by the illustrious BLM organization.
BJ said Chicago is the greatest ******** city in the world. He’s correct; it is (for the thugs and City of Chicago employees).