-- 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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JB the Hutt thinks Illinois is a trust fund baby, just like him. He also thinks that taxpayers have a big fat trust fund to pay for all his giveaways.
Uncle Fed is broke and needs to cut spending, so no more bailouts.
Does not matter at this point, it will end up in the Federal Courts for sure.
No matter what the taxpayers will be the big losers.
The unions have killed the “Golden Goose”.
uh-uh-uh – don’t forget the step increases
Consider da Dems pols in Illinois and Sheeetcago and their masters da public sector unions like a Black Hole.
How do you stop da Black Hole from sucking in more and more of your wealth via higher and higher taxes.
Get as far away as you can from it.
Illinoisans, vote with your feet and flee da Illinois Black Hole!!
Look at this fool from Colorado where men are men and the Sheep are Nervous
You hurt my feelings Joe.
Illinois, where crooked Dem pols and their masters da public sector unions have essentially bankrupted da state!!
Don’t worry maybe one there be a burger flipping union u can try to get into
I did that in high school and moved on.
Have you been promoted to french fry boy yet?!
Nope Snapper Head I’m a tradesman making over $100K a year with benefits and a pension in the near future glad to hear you’ve been promoted to Hog Sloppier
Its Snapperhead you cretin.
It’s ok we are know who u r Cabana Boy