-- 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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The Turdbin can be counted on to take positions detrimental to taxpayers every time. He and Duckworthless are indicative of the Democrats war on common sense.
Another terrible proposal from the perpetually underperforming Do Nothing Durbin, which leads us to the hypothetical question of the week: If you were walking down the street and either had to come into contact with Dickie Durbin, or step in a pile of dog sh!t, which would you choose? Creative answers will receive bonus points.