-- 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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Yes, Pritzker, by all means take a stroll, unaccompanied by your phalanx of security through Austin, Englewood, through the sections of town Johnson houses illegals and talk with “your people” there about the crime you seem not to care about. Poll after poll shows these neighborhoods want more policing, not less, and these neighborhoods are dense with offenders out on no bail release and laughable ankle bracelets. Ask the poor Blacks who have watched you and Johnson prioritize illegals over them. Over all of us, really.