-- 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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Yeah, a bottle of water is going to solve everything. They came here because they were thirsty! Kind hearted fools like the nice lady who wants to give them water are incapable of understanding that this isn’t a movie. Real life has a way of kicking you in the head. Millions have come over the border illegally with no means and no way to support themselves. Just because we have a mental dullard as President doesn’t mean we need to join him on a jet sled to hell. The spotlight needs to shine long and hard on these illegals, and… Read more »