-- 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
Too bad she doesn’t share the same sense of outrage about the drastically tardy CAFR.
““She got the numbers wrong. She got the location wrong,” Lightfoot is a lawyer. She knows when facts are bad, pound on the law; when the law is bad, pound on the facts. And when both are bad, pound on the other party. Which is exactly what she did by saying that Ivanka got it wrong. It was 55, not 59 shot; and it was a park, not a playground. As if these are excuses!! It obviously rattled her too because she said she wasn’t going to respond to nonsense tweets and then did so. And it was her own… Read more »
Yep. She more or less admits that her city is a lawless crime pit.
When you have no answers, just attack Orange Man and his tweets (or his daughter’s).