-- 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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Who wants to stay in the toilet.
Let’s hope that these newcomers realize that they are fleeing obscene, corrupt, Democrat governments and vote republican in their new homes.
As you say, I hope that is the case. But I fear that these “kumbaya-ers” do not make that connection. Rational thinking is not among their skills.
Amen to that, we just witnesses Arizona going from solid red to purple/blue now. Californians can’t help themselves. Oracle will further destroy Austin, Texas as well. I don’t know how we can contain it.