-- 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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Failed Mayor Lightfoot Defends Her Crooked, Corrupt, Predatory, Regressive, Revenue Robbery Ripoff Red Light Ans Speed Camera Rackets
Crime is far too high on the buses. Uber will take me anywhere I need to go at fair prices and safely. Buses are failing but the unions will keep the money losing mess going for many more years to come on taxpayers’ dollars.