-- 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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BJ’s puppetmasters, the evil CTU, dont care. They just want the money. Everyone else can go pound sand.
Mayor Blow Hole threw his ridiculous figure out there “ to get people’s attention “, or so he says. The guy needs to find a more constructive hobby than playing mayor.
Well then what do the good members of the Chicago City Council propose to do regarding getting the money to support the budget? Will they cut spending? That’s a laugh. It’s higher taxes or don’t fund pensions that will be the question if history is any guide.
Members of the public called Johnson a loser and criminal. https://youtu.be/Bb3QDK1SK8M?si=Vp3-p7DyyJN7gXCu