-- 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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Kind of a bizarre incomplete story. Who owns this building? Did the City buy it,or are they leasing? Why could the business not find space closer to their existing location?
Emblematic of the state of „journalism” these days, I’d say.
So illegals and asylum fraudsters get rewarded for their bad behavior with taxpayer paid housing, while small businesses get punished for being in the way. That sums up the Illinois Democrat Party Playbook nicely