-- 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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Preck should lead by example and take a family of hamas supporters into her home.
Ironically, just as Preck feels it is a comeuppance for yt that crime has spread all throughout Chicago because that’s what black neighborhoods have experienced for years, Gov. Abbott too feels it is a comeuppance for Chicago to feel the migrant pressure that Texas has felt for years.
Yes once again drumbeat of (fill in the blank) should provide resources to help Chicago out with (fill in the blank) . Nothing new or unexpected here.