-- 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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Let’s see … Illinois wants to kill kids in the womb, undereducate the ones who are born, then if they become wards of the state, put them in the care of a system that is inept from the top down.
Guess Illinois just doesn’t value boys and girls – unless they’re boys who want to be girls or girls who want to be boys.
Killing kids and breaking the law are Illinois values