-- 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
Who’s going to hold them accountable? The Republicans?
The water that Chicagoan’s drink is a witches brew. In addition to lead, how about the spills made by the old steel mills which dumped
hexavalent chromium and just smell the chlorine that hits your nose when you take a sip.
Zippy does not even bring up eating fish caught in Lake Michigan anymore no one should eat it
due to toxic build up of organic compounds, it
will turn your liver to mush.
Remember the new motto of Da Mayor office,
” First we get the money”.
Because the lead rots their brain and keeps them voting for Dems who do nothing but raise their taxes..
Also, Dems are big on collecting taxes for one reason and using them for another. When the neglected problem festers long enough, then it’s time to beg the Feds for more money or put the clamp on taxpayers again to fix something at 10X the cost had it been fixed long ago.