-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Yet another Democrat welfare giveaway — what’s next free toilet paper?
Hmm, once upon a time you were expected to pay for your progeny. What changed?
Illinois democrats come up with another full of crap proposal, this time it really is.
Biden’s inflation really wrecks havoc on family formation. Not sure if I want the government subsidizing the multinationals that own every diaper company. It’s like the 1970’s when Gen X’ers were born, hardly any children were born at all because everyone was too poor.