-- 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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ICE can easily bring Chicago to its knees rather quickly.
Start with easy targets like restaurants.
When the only restaurants open after a week of ICE raids are the hot dog stands and fried chicken shops, the city will be in utter turmoil.
Remember that ALL restaurants in Chicago are Mexican restaurants, no matter the cuisine.
Then pick another blue city to do this in.
Baltimore next.
Trump to order federal troops to Baltimore to fight crime: ‘We have the right to do it’