-- 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
Let’s find out if the massive fire in the Wilmington school bus barn, so hot that none of the six responding fire departments could enter it, was caused by EV buses before we give EV companies any more tax money, shall we?
Once again, government picking winners and losers.
100% correct.
As I like to say, I don’t believe the government picks any winners. only losers.
Pritzker hands out taxpayer money to friends and progressives.
Nothing to good for our Chinese comrades
Right Pritzker
Never tax breaks for the middle class workers!
Sorry middle class majority, there is no free lunch, someone has to pay for the handouts.