-- 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
It really gets pretty boring listening to these whiners and complainers who are sleeping in the sloppy dangerous bed they made for themselves. Are they really that stupid that they can’t figure out that they are living in the environment they are voting for over and over again.
Notice how fake news fraud Block Club Chicago reported on the very same meeting and totally ignored the anger and fear in the room.
https://blockclubchicago.org/2023/09/26/state-police-instrumental-in-helping-chicago-catch-armed-robbers-neighbors-told/
Seriously??? Talking about the problem will make people feel safer. Idiots
Alder-Cuck/Communist Cockroach LaSpata regularly demonizes cops — now he wants them when voters are turning on him
https://blockclubchicago.org/2020/09/21/wicker-park-northwest-side-neighbors-blast-aldermen-after-staffers-inappropriate-posts-about-cops/