-- 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.
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But if your poor person of color (or not) sitting in cc jail for some petty crime, that all these progressive pol are tripping over themself to save, your screwed. Foxx is a joke
The cc prosecuter, interviewed on wttw is call it a “low level felony”? How city resources were spent on mr smolletts pr hoax
I’m heading down to the protests in the loop. I hear there are already 0 people there.