-- 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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Here’s something I ran across on WSJ, has to be read to be believed. https://www.wsj.com/articles/wisconsin-governor-veto-400-years-9a2cc3c4
It seems Republicans in Wisconsin are slow learners, or don’t learn by watching Illinois as an example. They negotiated with Evers, a Democrat, and expected him to honor his word? Embarrassing. In Illinois, we have already shown the whole country you cannot trust a Democrat to stick my their word. So many examples of this in Illinois. Take a look at JB saying before the election that he would only sign a fair political map. He lied, and totally reneged on that position.
And Pennsylvania Democratic governor Josh Shapiro just went back on his word with Republicans in that State regarding school choice. The Democrats are hard-core and brass-knuckled on wanting more of your money as their own and supporting their teachers union overlords. The unions control the cash (your cash, taxes) and the Democrats will lie, cheat and steal to make sure it keeps coming their way. The Republicans better realize this quickly. Compromise does not work with these radicals.
97% of the time a Dem’s lips move they are LYING!!