-- 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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After watching the video in this article …….if you vote dem you should be deported because as this video shows the dems don;t care if this country is destroyed…..real eye opener!!!
Remember folks, anyone can submit an FOIA request. This was done by a random guy with a GoDaddy website and the motivation to put a stop to this madness. Take note that huge news organizations (including AM radio shows) couldn’t be bothered with this effort, and they probably didn’t even try.