-- 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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I see Lightfoot had the decency not to speak but at least to show up. was Kim Foxx there? Maybe she could explain why the perpetrators were on monitoring, I believe. And Tim Evens can show that nothing bad ever happened to those release on low or no bail but he was probably busy too.
Jabba couldn’t pull himself away from the buffalo wings at the State Fair to attend. If it was for an illegal immigrant he would have been there front and center crying crocodile tears.