-- 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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Trump will win however, and the democrats are gambling the entire state on their foolishness. the pensions are bankrupt, there will be much crying and sobbing from the unions when they realize their gamble is lost.
I hope he wins, it’s difficult to believe that watching the news these day. They try to demoralize you and shame you for believing in the president. It’s apparently working on some people.
remember when we were told Hillary had a 93 % chance of winning ? I do believe Trump will win, but we all need to get out there and vote !