-- 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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Don’t worry, Joe, Kamala, Revs. Jesse & Al, Dick & Duck are on their way to help. Wait for it… and don’t forget to keep voting Democrat!
The cry of the alderman! “ somebody should do something” Lori is doing her part, she ran off the Europe!
Don’t kid yourselves.
The only thing the Sun-Times is interested in is eliminating the 2nd amendment. That’s the real objective of the communists that run that rag.
Well, Alderman Hopkins, what are you doing about it? Too afraid to speak the truth?
2022 — When Downtown Became Englewood
Don’t you love equity!