-- 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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Sure Chuck. It’s the remote offices keeping people from Chicago.
Not the decrepit state of the city’s finances, it’s highly radical and supremely damaging teachers union, it’s pro-crime anti-police culture of hate bred by the city’s political hacks, rising homeless problem, crushing tax burden, hollowed out shopping districts, mask conformity mandates, and a general war on the traditional family unit.
Keep doing that bang up work with your other deep state globalist brethren at the Fed!
“Not the decrepit state of the city’s finances, it’s highly radical and supremely damaging teachers union, it’s pro-crime anti-police culture of hate bred by the city’s political hacks, rising homeless problem, crushing tax burden, hollowed out shopping districts, mask conformity mandates, and a general war on the traditional family unit.”
What world do you live in? These are the goals of progressive policies! It’s no surprise they become *shocked*! when regular people flee progressive urban environment!