-- 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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Mr Griffin done funding the BS.
Thank you Mr Griffin for everything you have done for Illinois.
I am sorry that you are leaving. I cannot blame you.
Another nail in the coffin for those left behind.
A day of reckoning for Illinois beckons.
Anytime you give to a Chicago “progressive” charity, the money either goes to the Black Lives Matter rioters/looters/arsonists or to the Mexican cartels that bring illegal aliens, terrorists, drugs, and trafficked sex slaves into America.