-- 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
Gotta love Lightfoot’s projection!
Independent of stature, she really is a small person.
Lori, once upon a time homosexuals were considered immoral (and my Bible says they still are.)
Expel away. Lightfoot, you goof, you understand why it is important to manage our borders, right? And control who is coming in, right? Or is it the folks from Indiana who are so dangerous?
Stop deflecting and govern you twit… It isn’t an easy job – sometimes you may hurt someone’s feelings…