-- 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
We know what we need to know about “ Make Chicago Black “. That it is designed to drive all the taxpayers out once they can’t take it anymore and turn their properties over to the new Marxists and Raggedy won’t stop and will cry racism 24/7 until it becomes reality. After that when the decimated area will then be referred to as Detroit South, that too will be white peoples fault.
Sounds like the old bait and switch.