-- 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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Any complaints to alderman like Sophia King or the 1st district commander Alderden falls on deaf ears. The police and the blm loving city of Chicago city council have given into the criminals in exchange for votes.
Looks like local CBS 2 is getting a little sassy with the city. It’s not like being singled out by Lori could make this channel any worse. I don’t know what the ratings numbers look like for Chicago media. Nor do I care enough to look. Everyone is begging for subscriptions or donations. Perhaps the message is being noticed. Maybe there’s hope for the sanctimonious simpletons on state st.
Teens and young adults are now described as large groups of robbers. Must be Chicago Values. Make sure you report anything suspicious so you can be labeled a racist and arrested.
What kind of idiot would “visit” the Chicago Loop area?
Visitors to Chicago Loop warned … not to visit Chicago Loop.