-- 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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A corrupt city that tolerates the antics of radical and racist alderman wants to ban Jan 6 people. Add BLM race rioters, city workers fraudulently taking personal covid $, and CTU teachers accused of sexual abuse of students.
How many applied?
Let the lawsuits begin, but then again who wants to work for Chicago.
Can anyone please explain to me why Chicago “leaders” would affect an empty action like this that will only serve to call attention to and antagonize a President who loves punish any hint of opposition??? What’s the upside?
But they’re justice impacted individuals!