-- 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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So Lightfoot is a shareholder in gang profits? I would like to know what her initial investment was and return percentage.
Lori knew this wouldn’t go anywhere when she proposed it. She was just laying a trap for some judge or agency to say No so she could blame them for all the problems she created. Lori should get a job painting floors.
How about going after Kim Foxx, she violates the laws daily.