-- 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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IMO all Illinois Dems need to be sent to re-education camps for 6 months!!
Absolute garbage. Justice works at one speed for Republicans and at a different speed for Democrats. Burke trial takes five years from indictment and another seven months for sentencing after conviction. Let’s wish both of these Democrat vermin a very very long life and a very aggressive and affectionate cellmate..