-- 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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I guess we have to let the murderers, pushers, and rapists out of county jail so they don’t risk getting Covid and in order to make room there for the doctors, lawyers, and bankers living in Lincoln Park and Boys Town with the temerity to take a walk in the park in contravention of Mayor Lightweight’s edict.
The Dems love there convicted felons, think much more of them then you you ,STUPID TAX PAYER.I seen this for years,A rape head the never payed a dime in any kind of tax Free med service,why work when the ones who eat the tax money up don’t and they get free food,free rent.I thing the Illinois public will vote dem no matter how much is stolen from them,Kill there kids with drugs,take their homes from them with shy high tax on their homes,prevert them with the great pretenders,I am a man but i should have been a woman.2 moms in… Read more »