-- 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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It took four ABC7 people to write an article that my 5th grade teacher would have graded D for poor quality.
Hope the feds do the arrests. If cpd does they’ll be back on the streets in an hour
Funny, I don’t recall ABC reporting about anarchist website during 2020 riots; which certainly showed coordination.
These anarchists are not too smart.
Gonna be really easy to fill up Alcatraz once it reopens!