-- 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
If Johnson and Pritzker spent half the energy looking out for Illinois citizens as they spend fighting Trump, both the city and the state would be in a lot better shape.It seems every time these two open their mouths it’s only to declare some new war they’re waging against Trump.
The single biggest thing these mopes could do to counter Trump would be to crack down on crime. Fix the ironically named SAFE-T Act, work to recruit police staffing to levels needed, continue the prosecution efforts of Burke, and get the courts into sensible hands ie not Evans. But that’s all abhorrent to these social justice warrior posers.