-- 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
Of course. I would like a tree that grows billions of dollars.
But the IL/Chicago political class and their pals, the public unions, have spent us into penury. We have nothing for give aways—we cant even handle basic services like police protection.
BUT, as a sanctuary city, Chicago finds the resources to bus migrants to the suburbs. Who’s picking up the tab on the Elk Grove Village and Burr Ridge accommodations provided to ILLEGALS? I’ll bet there are a lot of homeless LEGAL Americans, many of whom have served our country, who wouldn’t object to a nice CTA bus ride to the ‘burbs, meals, and medical care. Why do we treat people who have broken our immigration law so well, yet overlook homeless who once contributed to our society? Seems ill-conceived to me, but, then again, I don’t depend on elections. Wake… Read more »
If printing money actually produced “Resilient Communities” Venezuela would be heaven on earth.
Nothing creates resiliency like free money. Right?
Creating dependency appears to be the whole Democrat platform.