-- 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
You can reduce violence by filling your jails, if the jails reach capacity, build more. People who have so little values, all belong in cages. If these creatures are locked in cages they probably can’t kill anyone on the street or in the hood. There!!
I’m so tired of this oft-repeated nonsense. From a drone’s eye view, most neighborhoods in Chicago and the suburbs don’t have good paying jobs or commercial stores. They’re purposely zoned into centralized commercial, retail and industrial districts. Most people have to commute their jobs. Because Zoning Laws. There’s little commercial investment in my neighborhood because it’s all single family homes, condos and apartment complexes. I have to travel just as many miles to a Wal-Mart as a resident of Morgan Park travels to Oak Lawn. There’s literally hundreds of thousands, possible millions, of working class people who DON’T live in… Read more »
Any student who applies their self will get a full ride to a decent school.
Well said! Democrats have more money as the only acceptable solution to problems their governing have created.
https://citizenfreepress.com/breaking/muslim-illegals-rush-poland-border-raw/
Videos of thousands of economic migrants from the middle east rushing Poland’s border for entry into the EU.
These people have traveled thousands of miles with nothing but the clothes on their backs to seek economic opportunity in a foreign country, on another continent, in a country where they don’t speak the native language.
Yet the residents of the south and west side of Chicago won’t commute to the suburbs for better economic opportunity.