-- 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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Yes, the thugs will be interested in summer jobs, basketball, and soccer. Goofy, goofy, goofy.
The “decades-old problems” are a lack of respect for people’s safety and property, no work ethic, no study ethic, and lack of parental involvement to include guidance and discipline.
Best year-round safety plan: GET OUT OF CHICAGO!
Your life will be much better.
““We’re talking about decades of disinvestments. It’s going to take all of us as a collective to respond to decades-old problems,” Johnson said”?
In other words, get ready for some new Taxes or some other “revenue enhancements’. :-/
Will this unintelligent, race baiting excuse of a mayor ever quit crying about things that should’ve and would’ve been resolved shortly after 1964 if not for his ilk demanding more to keep the equity/ welfare complex in high gear? Will he ever admit the problem is a sub- class that takes no responsibility for anything, most prominently their gangs of roving, “non- demonized “ youths? This clown makes Lightfoot look like a half- decent mayor, no small feat.
Another Mayor Banjo plan. Another major failure. Watch
Wake up. Arrest the criminals and teen delinquents to deter crime.