-- 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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chicago and other democrat mega cities exist in a different reality than the rest of the world. More than two genders, men in the ladies room, mainstreaming of pedophilia, drag queen story hour, enforcement of unconstitutional laws, serial abortions, I could go on and on. A modern day sodom and Gomorrah.
I spilled my COLA. Wah wah.
Not going to happen!!
Never has never will.
Only a fool would think Chicago will cut spending.
Expect an increase in spending, that is what has always happened.
Expect an increase in taxes, that is what has always happened.
There is no Santa Claus.