-- 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
More questions for Ms. Lightfoot:
“How effective has your policy of not backing up police officers been?”
“Why didn’t you stop the riots in 2020?”
“When can we expect you to dissolve your monuments group and stop trying to erase history?”
Another Downtown Building Owner Dumping Chicago
There’s a much more effective way to ask a question like that:
Mayor Lightfoot, should the victims of crime or their families vote for your re-election, when the perpetrators of these crimes pay no price for their acts of violence and are still out on the streets committing more crimes and creating more victims?