-- 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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Too late. Moscow voted a few years ago to sever ties with Chicago due to extreme violence and virtue signaling.
From The Expired Meter
THOUGHT FOR THE DAY: Chicago Aldermen Virtue Signal With Call To End Chicago’s Sister City Relationship With Moscow – WBBM AM 780 News Radio Chicago — BUT THESE ARE THE SAME CREEPS WHO ARE HELPING TO FUND PUTIN’S WAR — BY JOINING THE CLIMATE-KARENS THAT ARE TRYING TO DESTROY THE US OIL INDUSTRY — THE ONLY INDUSTRY THAT COULD CRUSH PUTIN’S WAR MACHINE — BY EATING PUTIN’S LUNCH ON OIL SALES
Did Rosa and the Tankie Rose Brigade sign this?
Better question: Why were we a non-binary sibling city to Moscow in the first place???
Just another pointless ,futile attempt to look like they are doing something productive. Never mind the state of Chicago’s crime or economy, just keep on posturing!