-- 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
Why doesn’t lori shut down the daily rioting ? Why doesn’t lori shut down the weekly house and street parties all over the west and south sides? Why didn’t lori shut down the pride/blm demonstrations until 4:30am? Why doesn’t lori stop the weekend wildings in the loop? Because she is only interested in stopping white bars while her constituents do anything they want.
When Groot’s thugs goose-step into your party just start chanting “BLM”