-- 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
Most IL schools are failing students. Far left progressives want the population undeducated so Dems can control them.
NY, like CHI, is bursting at the seams with people that don’t really care whether their kids get an education or not ( or anything else ) so long as the welfare gravy train keeps rolling and arrives on time. “ More free stuff “ is their mantra and always will be.
Anyone with half a brain would look at the Chicago tire fire and do the opposite
I don’t care what the punditry class say’s about any support for Mamdani. I want for NY what NY voters and the Democrat Party wants for the me; and the rest of America. Mamdani 2025!