-- 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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This reminds me a lot of Hip-Hop lore and the L.A. Watts Truce. I encourage all citizens to get involved and take responsibility in cleaning up our community. I’d also like to remind Brandon Johnson that he’s needs to set an example and not quote Tupac Shakur. https://www.youtube.com/watch?v=VPVx5mQ3myc&t=1522s To summarize the video in the link: They take responsibility for their actions. They speak for themselves. There’s no mention of disinvestment or trauma. They do their best to work together with the community and pool together resources. They want better teachers and jobs. This is some really compelling footage if you… Read more »
Total government incompetence.
Get the hell out now while you can.
Maybe they could ask the carjackers, and the carjackers they just classify as auto theft (to fake the statistics), to stop also? That should solve it. People with minds less developed than 6th graders are running the city.
And the state of Illinois
Laughable!!!
Is this a April Fool’s joke?
Such desperation reeks of failure.