-- 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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A perfect example of the government trying to fix a problem that their policies caused. Next they’ll be spending money on illegal aliens who can claim they live in a housing and jobs and health care desert. Keep on stacking because the dollar is gonna join the Venezuelean Bolivar in purchasing power.
This will be like the old company store concept but in this case it will be the Plantation store designed by the Democrats to help keep certain individuals in the plantations.
Just cut out the middle man and leave trailer trucks filled with food unlocked in the hood. The residents will provide distribution services.