-- 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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Strange how Ricky Hendon gets a license, then immediately puts it up for sale for more than 15 million. When insiders get spots with no intention of putting in the work to actually open a shop, you know its all rigged.
And the dimwit will conveniently forget to pay taxes on the $15 million. He went to the Al Sharpton school of finance.
Crazy that the court case doesn’t allege that racial categories create illegal preferences, but being Veteran does.
Hey! Did you think being black was the golden ticket! This is Chicago, being a black entrepreneur or aspiring feral means nothing. It’s simple…….CASH! Ya dope!