-- 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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Has Lori gone into hiding? Hmmmm…. She should ask Biden for immediate help. Joe Biden, The Helpful President should send John Kirby to help Lori spin lies. He’s been wildly successful, with his look of abject terror as he’s caught spewing nonsense.
Carrie Austin probably charges every last living-expense she has to her aldermanic fund. The woman is “Teflon”, seemingly able to deflect every criminal inquiry, every charge, every scandal, for years.