-- 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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“ Devastating” storms??
Must have missed those.
The toilet bowl king calls the president
a nazi plus others and he then expects
to get a bunch of federal money.
What an idiot.
Sewer get plugged with garbage overflows and floods the houses . Clean the streets
Trump to Chicago-“Drop Dead.”. One can only imagine how the Marxists in charge would blow through the money like Kamala and be back begging for more a week later.
Well Boo Hoo Chicago is asking for another bailout. If history is any guide no doubt the numbers being presented to FEMA are padded with assorted overcharges in typical Illinois fashion and why couldn’t Illinois put a few dollars aside for situations like these? Oh well it’s no doubt that Pritzker et al will be off to court seeking a friendly judge that will order goodie money because after all isn’t it the whole taxpaying country’s obligation to pay for Illinois’ follies?