-- 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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God Bless him. I think all of us need to present this to our local sheriff’s. Our local Sheriff’s have more autonomy to protect our Constitutional rights than any other public figures. They along with our States Attorney’s are the most important people we elect. We need to make sure we thoroughly vet people running for these positions and make sure they are running to protect the Constitution and the Laws and are not just political opportunists (as many are).