-- 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
ILLINOIS DEMOCRATS AND THEIR SOFT ON CRIME HORSESHIT: Both Democrat Candidates For Cook County State’s Attorney Are Kim Foxx Clones — Soft On Crime Social Justice Shit-Stains That Would Leave Cook County At The Mercy Of Unjailed Career Crime Thug Super-Predators – Crain’s Chicago Business
Kim Foxx has done more to make Black people feel unsafe than the KKK ever did