-- 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
Hmm, their first act was to break into the US….
I say we go all out and outsource border security to the Wagner Group.
And the hits just keep coming. This is nothing more than another Pritzker social experiment to demonstrate his wokeness and genius. Make sure that the new recruits are all put on King Jabba’s security detail.
The Mexican cartel-to-local police pipeline. What could go wrong?
You will have to teach them to pick their nose and do nothing. Show up at calls 4 hours after they are made for help. Just fill out some paperwork and go back to sleep.