-- 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
I told ya so! The grimmer her future looks the crazier she’ll become. Hmmmmm….perhaps Hersel hasn’t notice they already cheer! IN THE REARVIEW MIRROR, hmmm Lori can’t fathom that everyone fleeing the city is proclaiming their endorsement for free.I wouldn’t enter the same room with Lori until she walks through a metal detector and thoroughly hand wanted. An eight barrel Pepperbox derringer. She’s Nuts!
How can businesses be cheerleaders for a city in which the criminals and the city government both hold you up and pick your pockets leaving you beaten and broke.. Little Miss Lori, the clueless, could help out a lot by releasing the 100 cops on her security detail to patrol duties.
She is f*cking delusional.
Why would businesses go along with her bullsh*t fairy tales about how great it is to be robbed twice a week?
When Chicago was dominated by LEGAL Polish immigrants one cheer I recall was: ‘Rah, rah, sis-boom-ba, hit ’em in the head with a kielbasa.’
Ms Lightfoot is welcome to use this vintage cheer anyway she sees fit.
Be careful Pat, she may have the biggest kielbasa too!
She is brain dead.