-- 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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Just stop selling firearms and ammunition to the cops in Illinois. No out of state purchases as well. Firearm and ammunition manufacturers should agree on a plan like this. No guns, no ammo for citizens, no guns, no ammo for your cops.
A change is needed in the script of when a new law is passed or one changed to read,
“Be it enacted by the Communist Democrat Party of the State of Illinois represented in the General Assembly”