-- 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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Democrats are NOT above the law . Especially elected idiots . All want their 15 seconds of fame to say I was arrested protecting illegal invaders , murders , terrorists , human traffickers and gangbangers.
“They are saying that they wish that the federal government and the state and the cities could work together to figure out how to best deter crime. I feel the communities are trapped in a political war while lives are at stake,” Ford said.” – he’s right but not for the reasons he may think. The political war is between “progressives”, an ironic moniker if there ever was one given their insistence on cutting minority criminals slack because they are minorities, and those who simply want to be safe. Preckwinkle, Johnson, Pritzker are far more interested in playing racial politics… Read more »
If they break the law or interfere with law enforcement, why do they get a pass?