-- 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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Yea OK, honesty from a Chicago politician. Alderman the only human or nearly human form of life that can survive on grease. At least half of the City Council are criminals. The other half are wearing wires for the feds. I don’t know why they bother with the charade; the feds are criminals too with nice big gold badges that make great belt buckles. Chicago and Illinois are far reaching criminal enterprises and you’re not part of it! You’re funding it! You’re complicit and will probably be jailed