-- 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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The best thing you can do for yourself is avoid Chicago like the plague. Just stay out if at all possible. We might as well let it implode and start over. The buffoons currently running it despise you anyway.
Hmm, when a mayoral candidate has an unpaid water bill he should be fined….
Fines, which Mayor BJ thinks are “racist”, which he intends to waive for POC folks.
Chicago will be a disaster zone by time DNC Convention occurs in Summer 2024.
Woo, Tanto, don’t those fines disproportionately effect POCs?