-- 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 nothing will happen as the feds and RINO Lausch the Beverly democrat friend of Lightfoot refuses to investigate or indict democrats unless he has permission from the democrats. He is afraid to indict Madigan. He only indicted Burke to pave the way for Loris victory by taking out Preckwinkle, Daley and Mendoza. Nothing will happen to Daley.