-- 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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Billions in wealth can leave Chicago overnight – Race Clown Johnson and his City Council Socialist Shit-Stains make it financial suicide to keep your wealth in this sinking garbage scow.
Hey PPF see what you and the like of you are doing to the Chitty. Take notice, businesses will not stay and be gouged. All businesses have to be able to compete in a national marketplace.