-- 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 know what makes people feel less safe? Riots and destruction.
Alicia is another race baiting phony with the gall to question the cost. Weakness just oozes from these people.
“Alicia Tate-Nadeau, the head of the Illinois Emergency Management Agency, told aldermen she could not “overstate the visual impact” of deploying the guard to Chicago neighborhoods, especially those made up of Black and Latino residents.”
I can understand where she is coming from with the BLM’rs but I don’t get the Latino part of the equation. They seem to be more the victim of theses “peaceful protests” than anyone else.