-- 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
The pointy headed one needs reminding, that we see the body count EVERY Monday, after the Wild West weekends we have here. It’s our constitutional right to not have that, bj.
Johnson is afraid that he will be exposed as incompetent and pro criminal. The government needs to really look at how criminals are not charged at all or the charges are downgraded. Johnson could care less about the constitution or citizens rights.
America’s worst mayor either conveniently forgets or, more likely, doesn’t even know that Obama sent Federal troops into Baltimore to quell widespread crime and unrest in 2014(?). Like Joe sending illegals all over the US covertly being OK but when TX and FL had enough and shipped them out, it’s ok when Dems do something but racist and inhumane when Republicans do the same thing.