-- Connecting the dots between our economy, government and business --
"What we witnessed was millions of dollars going to nonprofits to manage a crisis that a Democratic mayor invited to Chicago. We saw migrant families sleeping on the streets, locals infuriated with the situation, and a crisis in the brewing."
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
That blanket tent looks awesome, sanctuary cities are really rolling out the red carpet!
Texas governor Greg Abbot, Person of the Year!
These guys get it! Great job on reporting!
The bill comes due for rampant virtue signaling.