-- 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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Ray, life is cheap in all Democratic Party run jurisdictions starting with abortion.
We have a subculture that is uneducated, unsupervised and enabled to do whatever they want, being gathering in groups to inevitably fight, loot convenience stores or take over intersections while drifting in a ring of fire. Police cant do anything, victims can’t do anything and those that have to live with it can’t do anything. That’s the way the criminal enablers Six Percent, Big Boy, Taxwinkle and “ Not Horrible “ Evans want it. Live with or leave.
Thank you Alderman Lopez.
Lopez should run for mayor.