-- 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 disorder caused at DNC next August will be the fault of, GASP, all those right wing, President Trump supporting, MAGA, hat wearing, noose carrying troublemakers that are already causing Chicago crime rates to soar. Any bets on that prediction?
Hey Bob, it’s better to be thought a fool than to open your mouth and remove all doubt.
Peters is a STATE senator not a city alderman in the sanctuary state of Illinois. If he believes in all the sanctuary BS what is he doing to see that rest of state provides sanctuary to migrants and not just Chicago?
Hoo, boy. This guy is a piece of work.
It’s always nice when a moron doubles down and shows you that not only is he a moron, he is King of the morons. Send all the buses that arrive from this point forward to this guy’s house.