-- 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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This is going on in Denver. In perspective 40,000 is just 4 days worth of jumpers in Dec.and look at the costs and problems. Why is it that many come from Venezuela? The population there is 29M so will they all be here soon?
https://www.yahoo.com/news/city-710-000-struggles-cope-140000835.html
Burn baby burn. Hopefully these two morons will destroy each other.
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