-- 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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Stu, this is what Obumner referred to as “fundamental transformation.” You need to get on board with the progressive narrative.
I suspect Mayor BJ will label Mr. Varney’s comments as raggedy, not to mention racist. Governor JB will add that they are xenophobic and label Mr. Varney a carnival barker. Neither one will call the comments untruthful, because, well you know….
He’s a conservative so of course they will talk against him…….watched Varney for years and find him to be truly right-on!! Sure the ding-bat cnn viewers will have a lot to say!! Don’t break your thumbs now……..
Nothing here to worry about, the Titanic is
Unsinkable move along please.