-- 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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This is a new shiny object to distract the voting public, Let us do a poll and let the public rate what issues they perceive qualify as a local disaster.
Taxes
Regulation
Failing schools.
Budget deficits
City Debt obligations
Depreciating home values
Corruption
Crime
Sanctuary city policy
Public employee unions
Fill in the blank(name a progressive policy)
Or
Lake front revitalization