-- 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’ll say one more thing, that night was a night to remember. I hardly slept that night and I slept with my gun under my pillow.
Wait until these thugs start doing drive-bys in the loop, like the old Capone days. Should be great for Chicago’s tourism…
Curfews and gun controls work! let’s double down on these efforts!
In all seriousness though, the Chicago violence last weekend is a national, if not international, news story. That audio call is top news throughout the news media because it gives an insight into how bad things really are here. Now with the budget deficit, cratering revenues, pension problems, police problems, it’s not a job I think Lori ever thought she would deal with.
But let’s defund police!!!