-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
So the state offered a front of the line pass to people with the right skin shading but the banks that loan the money look at actual ability to repay loans and charge interest accordingly. Now the license lottery winner doesn’t have the funds nor expertise so they eventually sell their business to a white devil. The license winner sells out at a great profit for doing nothing and white people continue to get the blame for the inequities that still exists. Sounds like the perfect plan. Tell the voters that you are woke while not losing out on your… Read more »
Spot on and I need a blunt to wrap my head around this story…..
What a complete mess.
Lol… indeed! This is giving me a much – needed late afternoon laff…