-- 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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So a ‘family’ member can turn in a law abiding citizen for owing a gun; but a career criminal on the streets of Chicago will routinely have gun charges dropped.
Gotta love IL. The cognitive dissonance is crazy.
I honestly could see my sister turning me in,on more than one occasion she has asked what’s wrong with me backing,and voting for Trump,being conservative,etc…. Buys into that whole brainwashed narrative.
I should also say she’s a Chicago teacher.