-- 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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LOL – racist author writes racist article that intentionally makes a lowercase ‘w’ for white people, complains that Mayor Brandon is racists for hiring too many Blacks. You can’t make this intersectional claptrap up. I hope this non-profit progressive experiment that became the Scum-Times goes bankruptcy faster than a San Fransicko start-up promising to deliver cat liter by US Mail.
Say it, “Chocolate City.” For the black folks, by the black folks but funded by a majority of non- black folks. Pretty raggedy.