-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
“I’m wearing a freedom from gun violence pin and I think that’s really meaningful,” Mabrey said.
Yeah, that pin really does a lot to help fix the problem.
Certainly a more lasting memory of the Windy City than visiting stores, marveling at the architecture or going to a Cubs game.
Indy, please try to confine your many comments to facts and ideas that add to the discussion.