-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Cwbchicago.com has stories the gutless dailies in Chicago won’t print and the liberals won’t read . There is more shit going on than they want you to know.
JB and Dems are pro illegals and pro criminal. Ask the grandmother in Chicago whose grandson was shot 7 times and was only charged with manslaughter, not murder. JB and Dems not even trying to address crime. If they did, they would repeals the Safe T act and no cash bail, at least for career criminals.
Lol – he’s making “investments” to combat crime. Shouldn’t investments yield a return? All his investment is involves spending, money laundering, patronage and waste. Absolute Crook.