-- 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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Meanwhile the 7th circuit court of Illinois is doing contortions trying to figure out a way to ban the 2nd amendment rights of law abiding citizens.
Darn we need old Daley back, “you loot we shoot”
Richard J Daley made sure the City’s bond ratings were high, and didn’t sell off important assets such as parking spaces. So I’d not mind having him back.
What happened to Chicago’s strict ‘no gun’ laws?! Or is that only enforced with law abiding citizens?
These folks had concealed carry permits.
If this keeps up, the anti-ICE protests here will get very spicy, very quickly.