-- 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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Newsflash for Cook County thugs — prosecutors in Will, DuPage County are not going to give you a free pass like Kim Foxx would
Not all thugs are dumb enough to cross the Cook County border to pursue their life’s work. The few that do become a cautionary tale for the rest of ’em.
Enforcing the law and bragging about it is the way to keep the Chicago Crime Creep from polluting your county.
People of Will and DuPage counties – congratulations!