-- 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
Murder victims have been reclassified as “Post Birth Abortions” by Kim Foxx!
When it came to COVID and schools were locked down, we couldn’t dare re-open school lest we risked the life of one student or one teacher. Yet the same groups that went all-in on school lockdowns are all-in SAFE-T Act which will undoubtedly increase the safety risk for those same children. Strange we don’t show that same level of protection with criminal justice.