-- 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
God forbid if Chicago taxpayers absorb any of that annual operating budget burden of Obama Shrine. By time this party re-education center is completed, Obama himself will be an entirely discredited former president. Maureen Dowd soundly scolded Obama for his “Marie Antoinette” moment, that grossly inappropriate and poorly-timed celebrity birthday bash that excluded the folks who built the Obama Hero-Myth.
Can’t wait to see the Biden Center.
That’s a lot of money for a giant outhouse
Do not build it! He even left the sh– city !
It’s not a center it is an indoctrination and militant training facility to improve the effectiveness of the BLM and Anifa groups. Good job Chicago can’t wait till these thugs reach our streets.
A modest price tag for Mr Obama’s splendid ego. He’s got Martha’s Vinyard, and now Jackson Park. B.O. is a 60 y/o man who paid to have 3 books written about himself, and received a Nobel peace prize for absolutely nothing more than being (s)elected. He owns the Arab Spring, the Libyan slave trade, the previous troop surge to 100,000 in Afghanistan, and he owns racial polarization even more than Orange Man.
He also owns substantially overseeing the corruption and growth of the Deep State.
A true enemy to the people.
Nearly a billion dollars? What?
The beatings will continue until morale improves exponentially.