-- 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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The moron residents of IL elects the stupidest, lowest IQ fanatics to run the state, and this is how they spend their time. Forcing our already struggling tourism industry to not use plastic bottles but instead use refillable bottles. I was at a hotel recently in another state that did this. The push-nozzle bottes were bolted to the wall and they were, I kid you not, about 6′ off the ground. I had to raise my hand over my head to catch the soap as it sprayed out of the bottle, and half of it went into the floor of… Read more »
I agree with you we have elected the, ” usual gang of idiots.”