-- 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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““Your ZIP code should not determine how well you fare.””
This is socialism. Making everyone the same. It morphs into communism after she promises to ‘punish’ the rich people for hoarding more than their fair share.
The “powers that be” in Cook County and Chicago have been and continue to be POCs: mayor, county president, state’s attorney, chief judge, most of the city council, school superintendent, police superintendent, etc.
What have THEY done for POC communities?
Instead resources are going for the southern border invaders, instead of homeless citizens, many of whom served our country.
Chicago needs a major realignment.
America first!