-- 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
“Angered over what she called “the offensive nature of the tone” of a debate over a measure to study possible contract set-asides for LGBTQ-owned businesses, an impassioned Mayor Lori Lightfoot chastised aldermen for objecting to a plan to determine whether the gay community faces obstacles in obtaining city contracts.” YES, anyone who disagrees with the LGBTQ+ agenda is a homophobic bigot. How absolutely ridiculous. Get over yourself Lori. The only good news out of this is the fight over the intersection of victimhood. Blacks said that white gay men business owners, while gay, are still white, and don’t need a… Read more »