-- 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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Under this scenario, Chicago will never get better. How do you release individuals like this? They’ll continue to destroy the lives of others through trafficking dangerous narcotics or outright shooting them dead. Pritzker, Toni, Lil Kim and Judge Tim don’t give a damn about Chicago.
Simply put the Justice system in Illinois especially in Cook County is a joke.
There is no justice system in Chicago/ Cook County. It’s now merely an overcrowded branch of government to collect your taxes and spend it on the latest communist notion the Too Live Crew in charge can fabricate, along with some good old Chicago Way skimming. The number of CC employees busted for fraudulent PPP loans is a good indication of the rot that permeates the whole steaming pile.