-- 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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What kind of hallucinogenic drugs are the Sun-Times writers on? Does anybody read this stuff and really believe they are not being propagandized. This reads like an article in Pravda. None of this is based in any kind of reality. Is there anybody left on the left that stops and says, “Hey, not even those idiots in Chicago will buy this.”
Que up another panic attack for Mayor Johnson! As for asking corporations to do their fair share, they will do what Walgreens just did…move 1800 employees out of Chicago. Que up a few additional panic attacks as Johnson tries to put on some big boy pants and fails.