-- 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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Love how the issues that matter most to half the country is ‘culture war!’ even though they are the people that are attacking reality itself.
Better not stray too off the plantation when you slither out from under your rock Richie or today’s Madigan, Fatboy JB, will smite you. BTW “anti-miscegenation” is a multi syllable word. Did you get paid extra for that big word or did youze tinks of it all by you selfs?