-- 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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These morons should focus on their job of fixing the City of Chicago. Since they clearly have no idea how to do that they focus on an area on the other side of the world. They should all go to Gaza for a month and report back on what they find. I’ll help them pack.
Still kicking this virtual signaling piece of dreck and it’s non- existent ramifications around while artfully dodging a vote as to whether “ de- sanctuary “ or not. What a waste of money these aldercreatures are.