-- 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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Chicago is a write off – 60 years of failed Democrat social policies — which haven’t lifted a single person out of poverty — have completely shit-housed Chicago — beyond repair
Darren, what Chicago needs is an influx of people that made it prosper the first time. Think Poles, Irish, Germans, Italians, Czechs, etc.
Yes, I know it’s not PC.
Import the third world, become the third world.
You can gauge the health of a city by the prevalence of public urination. Like with pot usage, Democrats wish to decriminalize public urination.