-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Everyone is giving Lori the finger. Shocking!
No thanks. Lori and Lil Kim created this nightmare. Don’t reward bad behavior by bailing them out. Let that dump of a city burn itself to the ground.
If aid is rendered by suburban departments, who’s ROE are applied? We need help but no chasing criminals, no wood shampoos. No Thanks!
Good for Kane county sheriff!
What suburb in their right mind would send their LEO in Chicagos cess pool created by Lori and Kim?
Good luck Chicago- you own this now sleep in it
Like towns surrounding Chicago don’t have their own problems courtesy of Chicago Community Travelers.
Hrmpff! Lincolnwood police have long served as de facto police force for Sauganash.