-- 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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Every time Pritzker and Lightfoot brag crime is down, the headlines and local TV new should scream the real statistics. Show them as disinformation. Three less murders of 32 in 2023 vs 35 in the beginning of 2022 is not progress. And let’s not leave Kim Foxx and the SafeT act out of the discussion.
That would require an unbiased honest media – we lost that many years ago and have to contend with stupid chicken talking heads who don’t know poop from Shinola (FYI: Shinola is a defunct American brand of shoe polish).