-- 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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But the Dems need more voters. With lax voter roles, illegals and dead people voting. Without voter role clean up, people voting from multiple addresses.
Using our tax dollars to fund a group that disrupts the city and vandalizes at will while advocating for people that aren’t here legally and siphon off even more tax money for housing, food, medical care etc. How Dem.