-- 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
Seems near everyone in Chicago has rat ‘stories’. Very serious public health issue.
Chicago IS overrun with rats. Let’s see… there are the actual rodents, and then there are the gang members, the carjackers and the looters, the greedy union thugs, and the lying politicians who are bankrolled by the greedy union thugs. So much money is wasted in Chicago–Rodent Control should not be understaffed. But what can you expect from this mismanaged, corrupt city? People get away with murder in Chicago so why should they pay their rat fines? If laws were enforced and fines paid, there would be money to put an effective rodent control program in place. Garbage is overflowing… Read more »
Penny, you forgot the mention democRATS!
Release the coyotes!