-- 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
Cross check awardees relationship with City Council and department heads, pronto.
Like winning that Section 8 “golden ticket” for residency in a Gold Coast/Streeterville luxury building. Ill begotten gains to some, at cost to all.
Goody, more free stuff to the welfare sucking crowd. You go Evanston.
Yet, Evanston fails to fully fund their first responders pension obligation.
Woke Nonsense can of worms! Eligible? Follow the money!
Evanston’s Reparations Robbery Racket — Taxes 2021 Residents For Pre-1865 Slavery — And Gives Handouts To People Who Were Never Slaves