-- 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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Just like good old Germany.
Only a war on illegals and violent protesters.
Wait until Trump raises the bridges over the Chicago River like Lightfoot did.
Golly, sounds bad. Give me a second to look out the window in my Chicago apartment…. Hmm, no war. Looks quite peaceful.
Hopefully not a CNN “mostly peaceful”.