-- 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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Groot should whine that’s it’s racist to commit crimes in Chicago because it makes the African American mayor look like an incompetent idiot
Cops only get paid $150,000 per year to drive by crime.
Retire in safe Luxury homes in Florida at age 43.
Life is good.
Raise Taxes, that’s right they are doing that.
Illinois “Land of Slavery”