-- 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
I’m still waiting on the legal brothel in Bowmanville. Let’s put some some of these Venezuelan gals to work doing jobs Americans won’t!
THEY SAY …..WHEN HIGH THE PAIN IS LESS………LOL
And you think it’s bad now with hit and run driving, people acting out in public to the point of calling the police, etc? Wait until this latest progressive/socialist/ Dem experiment kicks in.