-- 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
I think she meant well, but when you’re subordinate to Herself, things don’t often proceed in a linear direction. The cheap costumes should never see the light of day!
Always a crisis waiting in the wings so the overlords can take control.
Well bless her pointed little head.
Go back in your cave, you nasty troglodyte, and never come back out. You are TERRIBLE at your job. Masks don’t work, your stupid delusions about health equity destroyed Chicago, and a Jr High student could have analyzed data better than you.