-- 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
Chicago’s problem are Chicago’s problems. Chicago mad eit very clear it wanted to be a nation onto itself with its embracing of illegal aliens, pervert lifestyle and general degeneracy.
Ask yourself this, is Chicago simply disappeared, who would notice or care? The answer is no one. Chicago is not the second or third city, it is an irrelevant city.
Chicago’s problems are of its own making. Just in one day you see more asinine proposals from Chicago, rent controls an telling businesses how to schedule their employees. The problem with Chicago is Chicago. It deserves whatever fate befalls it.