-- 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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Kim Foxx, Cook County state’s attorney, is already ignoring state law regarding the charging of people with crimes they have been arrested for. Citing prosecutorial discretion she can have her staff ignore current and future laws without fear of any consequences. All in the name of restorative justice. Now if you say anything negative y’all racissss and stuff.
This is a nothing burger. He created the very environment he now claims this legislation will address. Seriously, when will the media in this state call out this disaster of a governor?
NEVER! Think of the $100,000,000 in ads about to spent beginning this month, why attract the ire of JB when you can just take that campaign ad money to shut up? And even better, the progressive media shares all of the same values as JB!