-- 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
I want to get equally high as those ganga smoking Rastafarians….
Please don’t waste any electricity on growing indoors, let big farmers grow acres of the stuff outdoors ,very cheaply.Just like tobacco.
Another scam just like public employees and their pay. They should get minimum wage because they vote for democrats. Illinois public employee unions are the filthy cancer that is killing Illinois.
Illinois Democrats’ Marijuana Scam Is Just Another Race Hustle Fraud