-- 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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Rahm is one of the few Democrats I’ve ever voted for and I actually liked the job he did. He was tough on crime, he closed unused schools, fought the unions (as much as he could) and kept the city clean and working. Yet, he was an early sacrifice to the alter of BLM with the fake news Laquon McDonald fiasco. I know I’m in the minority but Laquon was an active threat that needed to be neutralized. 1 shot, 16 shots or 100 shots. It didn’t matter. The perp had previously tried to kill someone moments earlier, he was… Read more »
Well said!
Rahm is scum. But Laquon, Mike Brown, Trayvon, George Floyd, Garner, Blake and all the other graduates got exactly what they deserved. And blm is a domestic terrorist organization that must be destroyed by any means necessary. They are the root cause of all problems in the USA and state of Illinois and Chicago. And 75,000,000 Americans agree with me.