-- 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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Count on Dan Siss to use the most inflammatory, flamboyant language possible with a healthy dose of half- truths mixed in. I’m surprised this clown isn’t still wearing a covid mask.
Grandstanding for votes.
What a libitard moron.
The citizens are the ones being terrorized – streets have homeless weirdos hanging out yelling at people and graffiti like it is part of the planned landscape. Yikes. They call graffiti “street art”. Clueless that it means gangs are taking over your town and claiming territory. The only safe place is Northwestern U during the day. The mayor should be welcoming more law enforcement.
Keep digging your hole Bissh.