-- 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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Mayor Johnson has a short memory. Migrants did not choose to come to Chicago. It was Mayor Johnson who complained about Texas Gov Abbott busing illegal migrants to Chicago. Suddenly illegal migrants are an asset?
Yep, in the same way as the homeless in Cali!
If Johnson would do something about crime and failing CPS education outcomes, maybe US citizens would move back. Then he wouldn’t have to import illegals.