-- 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
Gaslighting at its finest. And the race ‘asian’ encompasses about 4 billion people worldwide, a supermajority of the earth’s population…from China to India/Pakistan, Indonesia and Korea, Japan, Thailand, and dozens of others. But they’re the persecuted minority LOL. And the so called-Asian hate is all coming from one rival ethnic group – just be truthful here Raja…and you’re really complaining that chinese nationals can’t buy land near secure and strategic facilities or farmland? Really?
No mention of discrimination against Asian Americans in college admittance.