-- 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
Is Ramirez talking about Guatemala or the United States? Hard to tell since she announced where her priorities lie, and it wasn’t the US.
Why does everyone keep talking about investing in the neighborhood when if you’ve look at past “investing “projects the majority of the money goes to high priced companies who are major democratic donors
Trump is trying to make it LIVABLE in the city . PIGSTER AND PANIC ATTACK are the ones stoking fear . Both are complete failures .