-- 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
“The mayor stated that the looting was coordinated, that “U-Haul trucks don’t just magically appear in front of stores.””
Yet, full well knowing the criminal organization of this purge, she still choose to do next to nothing.
Complete and utter failure Lori. HUGELY fail.
Lori didn’t even try. It wouldn’t take much effort to dust off Daley I’s 1968 riot plans and expand on them.
By Thursday or Friday, Lori should have been ready with cops, National Guards and whatever else. ☹️