-- 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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Jeff– your father would be embarrassed by your ridiculous comments. The issues facing this city are so much different than they were back then. This isn’t anywhere near a similar political, racial, demographic or economic situation. You should do a little more research on Chicago political history before you let some mopes use you as a tool for modern racist dribble.
All that the radical left has has screaming “Racist” at anyone that opposes their woke, conformist, communist message.
This moron needa to go see a shrink to work out his screwed up “daddy issues”