-- 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
Sure as long as ya don’t leave home without it! Give a hoodrat a memory of Xmas 2023!
It is dead for now, cops do not enforce the laws, so the crooks have a field day.
The Magnificent Mile should be renamed “The Magnificent Gauntlet Mile”. You start at on one end then walk or better yet run thru muggers/robbers/carjackers/drive by shooters/knock out punch thugs/stabbings while shopping and IF you survive you get to be a contestant in the next Hunger Games sequel or better yet Squid Games.
The Mugnificent Mile just doesn’t have the same ring to it.