-- 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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As long as you vote Democratic there will be more Free Food (no free lunch).
If the Democrats need more money, they will raise taxes even higher. Everything is free as long as someone else pays for it.
Folks, that’s all you need to know. At one time you were expected to provide for your self. The church took care of the poor.
Now many are “poor” and you have to provide for them thru Taxation as well as yourself.
With democrats and union racketeers running Illinois — chasing out the middle class and the wealthy — it will soon be one in two Illinoisans eating government cheese on their macaroni for X-mas dinner