-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Not the Governments place. They need to BUTT out of almost everything they have interjected in. With all the problems we have as a Country right now, THIS is what they come up with? Stupid is as stupid does.
What will it be sir?
Just a trim and hold off on the woke bloviating please.
Got it. How bout those Bears? Yes, ……
Jesus h in Christ stop it already, I propose a new law effect immediately all Illinois politicians should be trained to be politicians for we the people not for there own benefit of fraud.
Stazi! Your hair stylist first will report ‘domestic abuse’ and before long, they’ll be reporting dissidents, just like 1930’s Soviet Union.