-- 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
Last week Pritzker during his daily Covid briefing reiterated more than once that everyone should fill out the census. He emphasized numerous times that there are NO immigration questions. Chicago is a sanctuary city and ICE or the Feds are not allowed raids (or no cooperation between city and feds) for illegals but they are counted if they fill out the forms to get more funding from the federal government. Maybe this was the plan the entire time. With outmigration reducing our population the sanctuary people are REPLACEMENTS. After they are counted maybe restrictions will be lifted but now they… Read more »