-- 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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This is beyond disgusting. Lori Lightfoot embarks on a “media tour” covered by People magazine, while Chicago is reeling from gang violence. My God, what is wrong with these people? Mark, we need the article you promised about progressivism as a mental illness. That is becoming more clear by the day.
Mental illness is the only explanation. No reasonable person acts like this.
Your life expectancy drops by 25 years if your zip code falls in Chicago. Hmmm Lori?