-- Connecting the dots between our economy, government and business --
By Ameya Pawar and Ted Cox.
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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“If you’re looking for a way to address social disparities — the hot topic right now with the focus on entrenched systemic racism — what better way than a fair tax?”
I guess it never occurred to the people like the authors who vote for and comprise the permanent Dem majority at all levels of Chicago politics that they created the “system” yielding systemic racism. Then again, maybe it did and they know the con they’re running.
These people are just awful.
It’s Ameya Pawar, so yes, he’s fully aware on the con.