-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
A gunboy?
Give Evans about 8 Pinocchios for that one.
Yep Mayor PinHead…your plan is working beautifully. Get more social workers out there and we need another $100M “program” for the community. That’ll get this 14 year old violent life time criminal to change his ways and respect society.
Anyone else noticing that thugs are getting younger and younger? Think that has anything to do with no matter how murderous the little angels are, they are protected and the progressives want to raise the age of being considered a juvenile to as old as 25 years of age? The gangs are certainly well aware of that.