-- 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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Obviously he is a “woke” Democrat because the article is silent on his politics. Were he a Republican than that would be the headline.
And yet day in and day out, we never see any such charges re assaulting seniors against the “ funnin underserved.”
He will walk out the door before the ink is dry of the complaints filed against him. SAFE T act ensures he will be free as a bird as he no longer poses a threat since he already beat up two senior citizens.