-- 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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We kinda had it during covid. I was paid $960 a week to relocate to my cottage.
It’s also why inflation is the highest its been in memory for alot of people.
It`s called COMMUNISM
The only lessons from crooked/corrupt Cook County Democrat Mis-Government are:
— tax everything that moves
— spend more than you have
— pass regulations and taxes that discourage business
— steal all you can when no one is looking
— the county payroll is an employment guarantee for lazy friends and relatives
— buy votes with welfare giveaways