-- 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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if they were serious they would take away the resident requirement to attend… hold your breath
The closest they’ve been to black people are their law ornaments!
This turns white boys into toxic white men. It’s the ultimate red pill. High esteemed bright and athletic young rich kids aren’t going to ever buy into this. It just turns them into BAP clones
And an affluent community no less.
Want to guarantee your children enjoy a lower standard of living? Support this nonsense.