-- 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 engineer behind this mess is cop hating, pro criminal, Preckwinkle and Foxx sycophant Sophia King. She also engineered the removal of the Columbus statue that led to continued looting, rioting and burning and the destruction of the mag mile and the subsequent destruction of the tax base. She was appointed by Rahm and is the chairman of the progressive caucus. She must be forced to resign.
She must have something on each or they all WANT something from her!!
Exactly, and the ones that voted no want more than she offered.