-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Love to see this blow up in Dems faces in the 2024 election.
Brings a big smile to my face!!
Stay away Republicans!!
The irony is that there won’t be any Republicans on the ballot in her local elections. Trump & Fioretti may be the only Republican candidates on her ballot.
That’ll be the day when the community is sporting MAGA baseball caps!
What these poor souls don’t know is that 165% turnout will keep Chicago blue.
I saw a Democratic Party volunteer canvassing in Rose Hill the other day….