-- 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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Guv Pigchop hates the mag mile and loves criminals. He wears a man girdle to keep his massive gut under control!
When looting is an everyday thing, Michigan Avenue is done.
Michigan Ave was done three years ago. They’re just finishing out their leases to avoid the cost of default.
When Larry allowed BLM rioters to loot downtown the 2nd time the writing was on the wall….
Most people I know agree with your sentiment. That second time was a complete disgrace. A day earlier too, Lori was prancing about Montrose beach with the ghey dudes and her photographer, shaming them into wearing masks on the beach “It’s a pandemic people!” she said, and threatened to close the beaches again…not because of the HIV being spread in that nasty dirty bird sanctuary, but because of the covid. Meanwhile, the entire south side was plotting to loot the loop a second time, and her police force completely missed it. Her priorities are so messed up.