-- 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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Because there is no need for more neurosurgeons-rocket scientists-marine biologists-quantum physics professors-structural engineers- nuclear physicists/OB-GYN doctors/etc. Down the road some of these positions may have openings. There are openings for Deep Tunnel Scavengers and picking up shooting victims scattered throughout the city. Be patient!
Gee, do they ever discuss things like “public charge” at Democratic Party meetings anymore.
It just so much easier to gang loot high end stores and steal as much as you can so they can sell the merchandise on the street with 100% profit margin, no taxes, no overhead. Just ask high end retailers in Oakbrook, just ask suburban police who have arrested dozens of organized shoplifting gangs. Just ask the courts who have released all of the thieves with fake names, no addresses and no bail who 95% will not show up on the assigned court date. Jobs? We don’t need no stinkin’ jobs! Viva SAFET, Viva PICA, Viva Pritzger. Viva biden.
You nailed it.