-- 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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Small liquor stores on the south and west sides will be buying up these cards for pennies on the dollar. $50 CTA card gets you one bottle of bottom shelf. $150 Gas Card gets you three bottles of bottom shelf.
Requires recipients place a Lori for Mayor decal on their car, or somebody else’s car if the vehicle is stolen.
Failed Mayor Lightfoot using your money to buy votes — and applauding herself for her courage