-- 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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His top cop answer seems to imply that cops really want to be micro-managed and that he is just the guy to do that.
If ‘The Great Divider’ had a son…
Better fasten your seatbelts Chicago. It’s going to be a bumpy ride.
Brandon Johnson is a Communist.
Mark he`s also an open RACISTS
He is a Communist Racist POS!
The West Side has been a hellhole since the White flight of the 50’s. Ain’t nothing gonna change for the next 50yrs or until the entire neighborhood are empty lots
Not “investment” you twit…. Tax dollars wasted…
But the CPS are so good.