-- 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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Always liked Willie Wilson – I like him even more now.
Willie–Hurray for you. Finally someone in the Black community is saying it like it is. It is time for African Americans to recognize who it is that is holding them back. It is the Democrat, inner city, hide the issues politicians that Black voters have supported for decades. Maybe they can wake up this time and figure out who it is that is the real problem in Chicago and Illinois government.