-- 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
Delusional pos
Improve equity – if you have it better we’ll make it worse until it’s equally bad for everyone.
If you are curious how this fine endeavor will be financed, look in the mirror; all your questions will be answered later!
Chicago Is Drafting A 10 Year Plan Loaded With Woke Virtue Signaling Horse-S**t
“We Will Leave Chicago” is much more realistic.