-- 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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Q
black and brown, not Black and Brown.
Whites and Blacks are moving out of the Chitty ASAP. Chicago is a dangerous place to live. Costs lots of money, poor services and world worst education system (highest cost).
Interesting that black folks are moving to red and purple states(Georgia) and away from blue states…just like everyone else
Trouble is when they get there they vote for democrats. Calling Georgia a red state isnt exactly correct.
Yep, just ask Stacy Abrams.