-- 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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Of all things to worry about, of all things in this world to think is worth their time…this, this is what they come up with, a permit issue on a specific building. Shouldn’t this be a red flag for those on the left to say…WTF? Schools closed, businesses closed, vaccine distribution a joke, etc…and this is what our elected officials focus on. This has to stop, we need grown ups in office.
Attack by the socialist dummycrats against an entrepreneur by an ignorant judge. She will get reversed on appeal.