-- 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
Apparently, ensuring the integrity of legal gambling in Chicago is important. Ensuring the integrity of other institutions in Chicago, such as education and residents’ safety, is important, too. The latter institutions need to be effective and successful for Chicago to be relevant and growing. This is a friendly reminder to Chicago, Cook County, and Illinois “leaders.”
Psst- Sun Times: it’s because those supposedly enforcing the law, rules and regulations at the highest levels really aren’t, or as they see fit to. We hear nary a peep from Kwame et al, unless they are busting gun owners chops or persuing another component of their Marxist agenda be it in IL, in neighboring states or nationally.