-- 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
WGN interviewed a few people on the street at the time and one woman said “we shouldn’t change or behavior and let the criminals win”. While that is admirable and I agree…it was said with a certain level of acceptance of the current crime level. While you can soldier on…you also need to be smart enough to know the cause the “root cause” as the moron vice president said. The root cause the current elected officials, district and states attorneys who have caused the crime problem and allowed it to get worse and continue. These people need to be voted… Read more »
Criminality filled the void created by Lori, and it’s quite stubborn to get rid of it…
Funnin’.