-- 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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The person running for office should have to stand in LINE with the signed petitions!!! Not the minions and they WALTZ in to present them !!!
Like pigs at the trough. Looking for a free meal
Vote Preckwinkle out. She doesn’t represent suburban Cook County. She just taxes the suburbs to pay Chicago. They just bought a computer system to track minority companies, but this system doesn’t communicate with other systems. Way to waste more money. And where are our property tax bill? Schools and cities can’t receive funds until these bills are released. She bought another computer system that doesn’t work, or she hired incompetent political and DEI hires to set it up. Results the same.
True to form, comrade Taxwinkle is surrounded by her adoring underserved thankful for their guaranteed income.