-- 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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Yet this is acceptable violence for Brandon Johnson administration.
The secret climate changing machine deep in the bowels of city hall will give out soon and with the arrival of a hot summer, Homie will have to scramble for someone to blame the return to the average increase in crime every CHI summer on.
People don’t even pay any attention to these headlines anymore. Many have been climatized to the regularity of this happening. But, ya know…22 or more people shot in a US City every weekend…and mayor Pin head and the liberal morons that run the city think the police are the problem… Survival in the City is a game of risk, percentages and odds.
the unofficial start of summer
Thank God for poor aim.