-- 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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A redo of the “peaceful protests” of the summer of 2020 won’t even change their reaction when it happens this time. Except the looters will be disappointed – because instead of high end stores on mag mile they will have to settle for TJ Maxx, H&M and the like because anyone with common sense left downtown. Those that appoint themselves leaders will continue to wonder why people move out of the state. Absolute clown show.
Fire trucks and hose them down?
Did they get the required permits?
Hope they arrest them all and lock them up at McCormick place while the busses for deportation arrive.
Wonder what the CPD OT bill will be?
How about a “No more Illegals” protest?