-- 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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Money never to be seen again. Bozos likes to pretend he’s got a heart, but it’s pure stone. Elon is richer and better looking Bozo.
I could think of thousand of other places where that money could have been put to good use. Instead it will pay homage via a cement monstrosity in the city of corruption. Perfect waste of $100 million.
Just imagine how much good Pastor Corey Brooks could do with that money.
Ridiculous waste.
Corey Brooks? Isn’t he the guy who sits on the roof all day drinking cognac?