-- 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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Translation, we see a big pool of money Chicago can steal from United States citizens and give it to the future democrat voters so they will vote democrat and keep the psychopathic left in power. Also, the illegals arent required to be vaccinated and pretty much the large majority of Americans were forced vaccinated and cancer and death rates are going sky high, cough cough cough oh forgot cant talk about the truth……good night everyone!
This reads like a Frerichs press release. Probably is. Considering the performance of the Illinois 529 plan, would anyone in their right mind entrust money to these monkeys to manage?
You’d have to be nuts to use Frerichs for this. If you have an account at Schwab, Vanguard or any like that it takes just a few clicks to find better return options than Frerichs reports that he earns. He’s a megalomaniac.