-- 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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Those being charged with felonies by the City of Chicago Looting Task Force are disproportionately black and they need the money to buy food due to systemic racism.
Where is the protest march, the shouting, the press conferences, the signs, the social media campaign, the media, BLM, Antifa, the DEI experts?
How dare Kim Foxx allow the felony charges.
This is a crisis.