-- 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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Wow, what a Pin Head. He gets exponentially dumber by the day.
He may as well say they will, but the actually do as little as possible all the time. The first and only question they ask, “is when can I retire?” or “how do I claim disability pay?”.
Just goes to show you Mayor Johnson cares more about criminals than he does the citizens of Chicago.
Can’t they arrest him for interfering with federal laws?
Much like your residents will not cooperate with the CPD. Unqualified idiot.