-- 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
This is simply a gift for Rahm. A place where he made millions for doing what exactly? Now he’s back at the trough, to gorge himself on more unearned millions, while he waits for his turn in the Democrat hierarchy. Who is his sponsor? Is it Soros? Another example of the liberal elite making their fortune while denouncing those who make an honest living.
Given the financial acumen he displayed while mayor, it’s hard to imagine what Tiny Dancer brings to the table of an investment institution. Perhaps they get a nifty interpretation of “ Swan Lake “ at banquets and employee outings?
‘“I’m not done with public service, and I hope public service isn’t done with me,” he said in an interview with the outlet.’
Public Service is what Gary Sinise has done for years; it’s what Elon Musk is doing now with others who are donating their time and talent at DOGE to better the nation. Rahm and every other politician are richly rewarded public employees.