-- 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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Politicians have been giving jobs to their friends and family forever- nothing new.
The real problem is that those now in charge have friends and family that are convicted felons, rapists and murderers. That shows what kind of people are currently running things.
If you’ve got the right political pull you could be a known serial killer and get a plum job in Cook County or Chicago
This is real
The card should also read “Killer Clown”.
After the town is wrecked and bankrupt they’ll blame systemic racism. Friends hiring friends of friends, cousins, cousins of cousins. It’s CookCounty!