-- 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
These people they are creating a progressive utopia for the oppressed but in reality they are creating a nightmare for everyone else. They have no idea what they are doing. I can’t think of any other place on earth in 2021 that is doing criminal justice reform to make it easier on criminals.
They do more crime. It’s ridiculous and Ferguson is a no integrity loser who does what Lori wants and Rahm before her.