-- 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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Lori likes it that way, none of the expressway shootings are included in Chicago numbers! Convenient and transparent. If you dump a body on the expressway, the state eats the numbers. JB is up nights over the growing gunfire.
Chicago expressways are like the wild wild west. It used to happen rarely, and when it did, it was in the middle of the night. Now it’s a daily occurrence. Well done Lightweight and Foxx.