-- 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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Illinois new motto “Pay more get less!”
Taxes will always be going higher and higher.
Always have always will.
Love it or leave it.
“Atlas Shrugged” should be mandatory reading for all Government employees.
Great book, but how many of them are able to read a book of that length and depth of thought?
My guess: not too many. After all, running for political office requires no qualifications beyond having party backing and the ability to garner votes.
Illinois Democrats Want To Spend More Of Your Money On Illegals, Crooked Union Graft