-- 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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It appears that these citizens do not realize what city they live in.
They may as be asking for a sunny 80 degree day in February.
Considering the seniors in the area have voted religiously for Democrats and the machine their entire lives all I have to say is F-U. Deal with it. You own it. It’s the small token of appreciation the rest of have for the situation moronic voters like you have destroyed our state. May you spend the rest of your days stuck inside afraid to leave your cramped subsidized housing because of the policies you created. I will think of you next winter in FL as I sip my Pina Colada and laugh.
More aggressive action from the police will not help, because Kim Foxx will just let the offenders off anyway.
I thought they wanted cops defunded/abolished — make up your mind!
They want them abolished for OTHER areas of the city, not theirs!