-- 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
So I guess guns aren’t the problem.
CPD claims confiscation of 1,100 of illegal Glock conversions, Where are the prosecutions? Are Garfinkle and Foxx scared of facing placing 1,000+ POC into the Fed Big House? Are the jack booted ATF thugs of Waco and Ruby Ridge scared of intruding into Grand Crossing and Englewood?
Scared to death of prosecution of those special people