-- 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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Chicago Mayor Brandon Johnson is blocking this plan because he does not want his name associated with any plan that stops an invasive species.
Forget Lake Michigan, Illinois must spend a billion dollars on illegal aliens….fact.
I’m truly amazed nationally and locally the invasive asian carp making it into the great lakes isn’t a ASAP national priority and that feds have only contributing $1 billion!!! Unbelievable!!
JB needs the money for the illegal economic migrants, who he thinks will vote all D some day. All other priorities take a backseat to making sure the migrants are comfortable and get a lot of stuff and services for free, from the state of Illinois.
Exactly! We can’t worry about invasive fish, we have to give all our funding to invasive people!