-- 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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This article is such leftist garbage. If there is a red wave reaching Illinois and Republicans win many statewide, statehouse and congressional offices, anyone with a brain knows that the Democrat’s private army of Antifa/BLM brown shirts will riot like its 2020 and 2019 all over again.
Any sane person in Illinois is worried about violence. Why should election day be any different?