-- 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 have this feeling that when the cold winds of winter arrive the bleeding hearts will be out demanding some type of equitable housing for these immigrants and there will be Democrat politicians only too willing to help them out.
(I hope I am wrong but…)
Meanwhile, there’s tons of space for migrants ,ready to go, at closed or barely used CPS schools in ‘disinvested’ black community and every alderman knows it……but CTU/Brandon politically can’t go there
Folks, one of the most tragic fires in history occurred in a circus tent. The Hartford fire of 1944 killed 167 people. JB may not be on top of it though…..