-- 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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In the near future you’ll witness a car race of sorts to see who can drive out of Chicago, Cook County, and the State of Illinois the fastest.
Just leave any Democratic Party voting habits at the border lest you foul your new nest too.
Remember, you’re gonna be a refugee in your new red state home — not a missionary.
I assume the driver will be a LGTBQ minority, in the US illegally, with a union card, right? And she’ll get a head start because of white supremacy, right? And the car will be an EV with a rainbow paint scheme and a BLM flag.