-- 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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This country is on a jet sled to hell.
Leave it to Taxpayer funded fake news fraud PBS — to give Evanston’s Reparations Racket a slobbering wet, deep throat, full release BEEJ.
That last phrase sums up the reparations efforts pretty well– the “pot of gold at the end of the rainbow” is a comin’ they hope.
So, the government takes from one and gives it to another, minus a little “administrative” cost, and that will create harmony in the community? What could go wrong?