-- 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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Madigan’s legacy is a painful warning to America of what happens when Democrats run things.
Lock him up! He has destroyed this state!
A shameful/ immoral legacy of usery–if your madigan or any of his millions of machine foot soldiers or enablers. For them, to move from fake self-serve madiganism to fake self-serve progressive wokism is key. Watch all the machine folks try and out woke each outher but still guarentee themself their upperincome lifestyles and retiring as gaurenteeted multi millionaires in thier mid 50’s all on the tax payers dime with no questions asked