-- 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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It’s been well known for many years now…
Shooters in IL often flee to IN afterwards to wait for the heat to die down before returning, & vice-versa…
There was a short lived ILIANA gang Taskforce (2009’sh) that operated between the states, trying to follow the shooters…
They had some moderate success, but eventually the politicians shut it down…
Hilarious! Mad rush to Illinois and Chicago, the haven for the lawless. Lori’s welcoming city. Cross the border into Illinois; all is forgiven.
I thought all the offenders and guns were from Indiana? That is what Lightfoot says so it must be true.