-- 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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Hell Brian:
It is much more than just the anti-white rioting that is making your constituency flee. It is the reality that those high-rise ghettos that are going up all along the lakefront, in your ward in particular, are nothing but breeding grounds for more globalization virus’.
How, Mr. Alderman, do you socially distance in a high-rise elevator?
Blame in on covid just like Foxx and Lori. I live in a high rise and am leaving because Lori has allowed the permanent victim class to steal and destroy other people’s property in exchange for democratic votes for her Foxx and Biden as the domestic terrorist blm has dictated. You really do not know what you are talking about.