-- 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
Hmmm….The media has shielded the mayor since she moved the the 5th floor. Now she’s going to blame them? The thankless rat!
Failed Mayor Lightfoot Blames The Media For Reporting On Her Crime Crisis
Is she going to ban white reporters from City Hall again?
https://www.nbcchicago.com/news/local/chicago-politics/lightfoot-says-she-will-only-give-1-on-1-interviews-to-journalists-of-color/2514015/
The media doesn’t report the full depth of the violence, ignores as much crime as they can get away with, sugar coats whatever stories they can, ignores the total incompetence of the prosecutors and judges, and does not follow up on the thousands of repeat offenders and their lack of jail time, and STILL, the people’s perception is “that the entire city is unsafe”. Hahahahaha!!!
The mayor can get her shills in the media to write puff pieces that Chicago is not a hellhole, BUT, everyone knows that Chicago IS a hellhole.