-- 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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Yo Dellmarie. I like most Chicagoans would like to go downtown and feel safe. And as a Chicagoan I find both Putzger and Pinheads policies against to be worthless. Where do you live
I don’t know who Delmarie Cobb is, but his statements are not only flat-out wrong, they are offensive to every good Chicagoan and pure Democrat-speak. A little bit of gangster in every Chicagoan??? Speak for yourself and your party, not for the people who just want to not put their life on the line when they go to work or ride the CTA.
Cobb says more than she knew when acknowledging “ the little bit of gangster “ in Chicagoans. Perhaps those that have this mindset are the ones crying about illegals and habitual criminals as victims.
“There’s a little bit of gangster in every Chicagoan. There’s no way any Chicagoan is going to allow this president to come in and bully them,” said Delmarie Cobb, a local Democratic consultant.” – there are plenty of gangsters in Chicago running amok and many residents who want help from the feds. From anyone, really. They don’t get it from their elected officials, but then again they keep reelecting these same people. Until people wise up, new boss, same as old boss. And as for touting a 31% decrease in murders, 31% sounds like a lot except to the 400+… Read more »