-- 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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You should say frightened to death. People are fleeing the Chitty of Chicago for safety reason, lack of education in the CPS and HIGH TAXES. Soon there will only be criminals and the poor. Such a sad ending for what was great city. Government greed and lazy worthless government workers killed the golden goose.
Hey there alderperson, were you for the SAFET act? Did you support Kim Foxx? Do you support Judge Evans? If you did then STFU, you’re part of the problem