-- 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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I am truly surprised that there have no been assassination attempts on various Leftist politicians throughout the country yet. But then again like the old adage, you get the representation that you deserve.
Why would there be assassination attempts? An election was just held in Illinois with a strong Blue wave. The people heard the various criticisms of the Safe-T Act and sent the message with their vote that they support this. Otherwise the voters would have elected different representation. It’s not only what they deserve but what they want.