-- 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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You just can’t trust Democrats when it comes to law and order. They made their choice, and that choice was to favor criminals and gangbangers over law abiding citizens. Soon voters will make a choice. It won’t matter in Chiraq, but after another brazen organized retail theft in Oak Brook yesterday, the suburbs may feel different. Speaking of which, Sean Casten says nothing about crime. He’s all about the woke stuff. See you in November Sean.