-- 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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We’re Number one! We’re Number one!
If my memory serves me correct, in 2020 Chicago “won” this award on the same day Elizabeth Warren was in town supporting striking CTU teachers.
It was a blue state progressive twofer that the MSM was too blind to see!
I have been using a deadly trap, brand name JAWZ it caught 13 of them for me
This is good news, usually the rats are first to leave a sinking ship. Chicago and Illinois may be saved! This is the insight our LoL mayor Lori BS and Lol governor JB have that the people are not understanding of. The candidates should have a PSA on our future. Oooooh, I wonder if we did a per capita rate, we would lose our standing.