-- 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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Serious question – who allowed them to move into the police stations? Did the previous “top cop” mandate that illegals were allowed to camp inside the stations? Was this some City Hall policy that states they can’t be moved?
The plan – Blame Texas and Florida (Rauner too if you’re Pritzker) and ask Washington for money.
Ray, the plan is to replace us.