-- 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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Would it be wrong to point out the “stupidness” of Da Mare?
Chicago’s lakefront encompasses less than 2% of the shoreline of Lake Michigan, yet Mayor Johnson seems to think he owns the entire Great Lakes Systems. When Mayor Johnson talks about the environment, what has he done to clean up “Bubbly Creek?” While he talks about vouchers for housing, what has Mayor Johnson and the CTU done to school vouchers for parents to send their kids to private schools instead of failing public schools. Mayor Johnson is a poster child for failure.
Lets has a raise of hands, who would rather not have had JB spent a BILLION on illegals.