-- 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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The URL in the headline is broke.
Here is the URL to the article:
http://www.zerohedge.com/political/was-thomas-jefferson-right-new-study-quantifies-flight-americas-big-cities-during
I was not able to view the article, it is password protected.
On the point of large numbers of people fleeing Large cities, I am tired of hearing politicians announce the reason many are fleeing major cities is because of Covid. What a bunch of BUNK! I’ll tell you why people are leaving Major Cities, It is because of Mayors, like Lightfoot, Governors like Pritzger and States Attorneys like Kim Fox, who do not take steps to prevent Rioting, looting, murder and or apply the proper punishment to those who have committed the CRIMES.