-- 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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Like a dripping faucet the loss continues.
The commies shout all is well nothing to see here. The truth is the companies and jobs leave, tax money leaves. The “ usual gang of idiots “ still is oblivious to the problem.
Increase taxes the great leaving continues.
Drip, drip, drip.
don’t kid yourself the blue state commies know what they are doing