-- 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
I’m surprised they haven’t yet had President Biden start to “identify” as a transgender homosexual immigrant.
The left would surely vote for one of those.
Dick Durbin should be the next person forced out of office if he really believes Joe Biden’s debate performance was a “one-off”. Joe has given us one performance after another demonstrating he lost his marbles.
Durbin and Duckbill afraid to take a stand and ruffle Dem feathers as usual. They waffle more than Sausers Waffle House in Indiana.