-- 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
This article misses the point entirely. Soros prosecutors reward their voters with get out of jail free cards. The social justice/anti-racist/overpolicing/woke reasons behind their policies is a bunch of hogwash. They tell black and brown communities “vote for me and I’ll let you commit crimes and solve your problems internally”. The policy, not unsurprisingly, is wildly popular. Kim Foxx gets more than 90% of the votes in the highest crime neighborhoods . The more crime in a neighborhood, the higher the vote totals. I mean, we let banks choose their regulators, big pharma to have a say in their overseers… Read more »