-- 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 helicopter did not land as PIGSTER is saying .
One wonders whether CWBChicago, Chicago Contrarian and Wirepoints are in Pritzker’s news feed. The better question is why that building is in such horrible condition from safety and sanitation perspectives and why those kids are living in those conditions with city knowledge not to mention being surrounded by the Venezuelan gangs.
I imagine all these things, not for a child in South Shore, but for a neo-Confederate billionaire promoting insurrection against the Federal Government.
Let’s hope the Feds have zip ties in XXXL size.