-- 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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One can sense this in the messaging coming from the archdiocese and our pastor. Thank you for bringing this to the light of day. Cupich is trying to suck up to JB, and promote the anti police agenda. And regular Chicagoans bare the brunt of the manufactured rage and elevated crime. Disgusting.
Cupich is a politician, no more/no less.
As a Catholic, I’ve been ashamed of my Church’s response to this whole thing.
As a Catholic I’ve been ashamed of the Church on too many occasions.