-- 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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What Act are we on now.
It stinks
I won’t clap
Recall
Regardless of their quibbling arguments both Pritzker and Lightfoot are basing their totalatarian policies on science. Right. And on twisted and inaccurate statistics. Or just in a deep seated political goal to destroy Illinois small businesses.
The only science they and Democratic Politicians believe in is the Communist Manifesto.