-- 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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Thanks WP! Re-reading this has made my holiday!
May wish to visit Constitution Gardens and see the simple but elegant memorial to the 56 signers of the Declaration of Independence:
https://en.wikipedia.org/wiki/Memorial_to_the_56_Signers_of_the_Declaration_of_Independence
Obviously in Chicago such a memorial would be removed due to the sensitivities of the Leftists.
True. Imagine if somebody wrote this today: “He has excited domestic insurrections amongst us, and has endeavoured to bring on the inhabitants of our frontiers, the merciless Indian Savages, whose known rule of warfare, is an undistinguished destruction of all ages, sexes and conditions.”
All 1000% True
Imagine today’s politicians having “sacred honor”. Or better yet, imagine how today’s politician defines sacred honor.