-- 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
Peaceful protesters that looted Michigan Ave stores. Burned and looted all over the city. Tore down statues. Attacked and injured hundreds of cops. Burned police cars. Smashed innocent peoples car windows. Assaulted, beat and robbed pedestrians. Oh my, a snowflake was shoved by a cop. The sky is falling, the sky is falling.
Keep blaming the police as the bullets continue to fly!!!
Wake up Chicago voters!
This was part of the plan. Deny them the necessary tools to do the job! Providing the police the ability to suppress the mob would interfere with mostly peaceful but very aggressive shoppers.