-- 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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And yet preckwinkle’s pushing ahead with new $240 mil cc provident hospital? (Real close to uc hospitals). Probably to cement her legacy in black community before retiring
Maybe Toni should start housing the homeless
No way!
Dude, who do you think votes for Preck, the people who PAY taxes or the people go RECEIVE free services? All roads lead to eventual collapse as long as people cling to today’s dogma of current fantasies.
We’re already living in Idiocracy, and it’s not a comedy. There isn’t a single city in the USA that doesn’t eventually fall completely apart once it becomes minority-run. The dirt’s not magic, but leftism is definitely a cargo cult.