-- 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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“vulnerable Chicagoans”. What the hell is she talking about? These are not people who are legal citizens of this country, let alone residents of the state of Illinois or the City of Chicago. Why in the world are these people in government protecting these people and requiring the actual tax payers to cover the cost of everything. This is not an investment that provides a return, its just flushing money down the crapper.
Recall Mayor Banjo
Hey dere Corporation Counsel Mary Richardson Lowry, newsflash: Not complying with the subpoena isn’t an option. You will hand over this conveniently compiled information and everyone on your disgusting, law flouting list will be deported. Down to the last criminal illegal alien abuela. Oh the irony!!!
What malarkey!
No wonder Chicago and Illinois are magnets for illegals.
Disgusting!