-- 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
“Police escorts for all convention committee personnel.”
“Armed security patrols”
“Special” security for “delegates and dignitaries.”
What does this say about the leadership of Chicago and what everyone else has to put up with.
This is the DNC……..I say no security AT ALL…….let them feel the pain we the citizens that PAY THEIR SALARIES feel everyday with NO LAW AND ORDER!!!!!!
I am with you Cynthia. Where are all these “Armed security patrols” for the neighborhoods? Guess the citizens are not Dignitaries, yet they vote the same ones in year after year.
Yep……..I’d like to change their voting habits also