-- 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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Worst mayor – ever, proven in first 100 days.
Patsy of CTU and Preckwinkle.
Unmitigated disaster for both Chicago’s financial future and currently-residing law-abiding residents. Sad ever-worsening situation. By December, many middle-class Chicagoans will be in panic mode.
“The people of Chicago voted for me, and so I’m serving the people of Chicago,”
Yes sir brother and you give em what they want and hopefully I won’t have to read all the stories of endless whining about crime in the streets