-- 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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Someone should remind this person that she is not a leader of anything. The tax payers own the housing she enjoys and the tax payers subsidize or even pay for her rent. The entire CHA and public housing grift needs to come to an end. It’s wasteful, inefficient and riddled with democratic party connected NGOs, politically connected contractors and rife with corruption on top of being a multigenerational disaster for blacks.