-- 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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Any report from the Loop Alliance is 100 Pct fraud.
These are the same xxx-wipes who tried who tried to claim that The Loop’s crime rate is down — when it was actually way up
https://cwbchicago.com/2022/04/loop-promoter-dismisses-crime-problem-as-robberies-carjackings-auto-thefts-and-shootings-soar-higher-than-pre-covid-years.html
Giddyap, please watch your language.