-- 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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Don’t forget the Lakefront parkland stolen from this generation and all future generations.Hassan Obama could have purchased surrounding land – most are empty lots – at market value and built next to the park but instead he stole parkland from every Chicagoan. Blatant disgusting theft. Typical Democrat.
And who will pay the taxes on the property, pay for the staffing and maintenance, the utilities and so on? The Obamas don’t have infinite wealth like some of their friends or Musk, and when their well runs dry, the taxpayers will be on the hook, guaranteed.