-- 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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Another chance to smash, burn and grab free shoes. Until CPD is authorized to use deadly force against rioters they will simply repeat their “peaceful protest” behavior. It’s ‘reparations’ you know. “Equity”.
CPD Brown has demostrated he can’t manage his way out of his office without badly stumbling. Chicago is due for deep hurt this Summer due to rioting and looting.