-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Because they’re shipping the welfare crowd out into the collar counties to let them spread their unique lifestyles around. If you need rent assistance to live in a more desirable area, then you can’t afford it and shouldn’t live there, just like working people .
If there were real journalists left in mainstream media they would be hammering Chicago Democrats about the loss of residents. It as an indictment of the media that this is allow to go unquestioned. JB can stick his doom grifter garbage where the sun don’t shine.
Roughly 14,200 people were murdered since 2000 also reducing the population.
I’m sure they were replenished by the “ need more cash have another child “ program so popular in IL.
Running for da borders and leaving high tax, corrupt, Dem controlled Taxistan!!