-- 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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Eat crow, jerks. Like Mrs. Owens said, play stupid games, win stupid prizes. “In other cities, National Guard troops have made things worse, “not better,” Lightfoot said.” Another progressive lie. Look at Minnesota. Quiet there now after the national guard came in. Every time she opens her mouth, it’s a lie. We too all know she protected downtown at the expenses of other neighborhoods. “Organized groups of criminals were responsible for the majority of looting in Chicago, prompting nearly 65,000 calls to the city’s emergency operations center, Lightfoot said” So you mean neighborhood residents using social media… Read more »
you lost control of your ward. the mayor lost control of the city. the governor lost control of the state. as a matter of fact, you encouraged this sort of protest. the city is toast. It’s over for Chicago. Millennials that can will leave in huge numbers and many already are. If you are retired, and don’t need to be there, you will leave. It will hollow out. You will have to pick up the pieces with no tax base to pick it up with