-- 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
Sorry Debra but that isn’t the West Loop. Classic channel 2, not even bothering to know the map of the city they claim to
cover.
How’s Obama/ Joe’s “ re imagined “ America working out for you?
Perhaps they should stop voting for Lil Kim.
Chicago politicians and leftists look at situation and decide, “yup more low income subsidized housing in once nice neighborhoods should fix this”
‘Equity’ means your home equity.
I wonder how many of these seniors vote democrat. How many of them will vote for a soft on crime Harris administration? Because the obvious solution is to elect more democrats. They will definitely solve the problem that their policies created.
Now do Mississippi.