-- 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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Alex for 1000 – Who was Paperlace 1974?
Chicago was killed by the same people who now claim to be its saviors: the democrats
Blm killed Chicago. They were allowed to loot, burn, murder, carjack, Rob, and commit crimes in exchange for democratic votes. This was Loris clear and calculated plan.
No mention of Cook County State’s Attorney Kim Foxx and other soft on crime State’s Attorney’s throughout the country whose political campaigns are partially funded by leftist Foundations, some of which are controlled by George Soros.
It’s not just who, it’s what killed Chicago. Decades of every ignorant liberal policy imaginable: fiscal irresponsibility, public employee unions and their pensions, identity politics, war on cops. The list of failure goes on and on.
Pritzker and Lighthead killed Chicago and Illinois.