-- 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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Nameless victims and an excuse for more retribution.
That and the hapless victims who simply died because they were in the wrong place at the wrong time.
Enter the SAFE-T Act implementation on January 1, 2023 and all bets are off.
Unbelievable the fools who are running Illinois … as they hide behind their walled homes and are surrounded by armed guards.
Where’s the equity in that?