-- 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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Why don’t you tell you cousins to go back to their native counties or stop coming here
Well Lopez, why don’t you take your cousins in like my relatives did a century ago? Be their sponsor and vouch that they won’t become a public charge like my relatives did. Walk your talk!
Ald. Byron Sigcho-Lopez is a useful idiot.
When Pritzker and Brando bragged about being a sanctuary state and city, they didn’t expect anyone to call their bluff. Too bad for them that Governor Abbott is a better poker player.