-- 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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Let’s start calling something by its correct name. Chicago is a Public Charge city — not a Sanctuary.
Lori is the folly! She can’t help herself. As soon as they show up Lori ships them out. She should have followed the example of that other bonehead in NYC. Put them on Randall’s Island along the Harlem River, made famous by the French Connection. That’s where Sal Boca’s little brother was enrolled in the garbageman school. Lori should have put them on barges in Calumet Harbor then forget about them.