-- 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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Here’s a future WP article. What’s been done to speed drivers licenses to illegals. What does it cost them? Who pays for it? Can they charge the fee to their EBT card? Do they have to pass the test in English? If not, how can we be sure that traffic signage is understood by them. Are they given a road test like Old Joe was in his youth? If they need glasses to pass the vision test who pays for them? God forbid they get in an accident and need medical care, how do they obtain it without ever contributing… Read more »
THE VOTES ARE THEIR CONTRIBUTION!! SAD BUT TRUE
These are questions that, unfortunately, never occur to the unicorn riders. Everything is groovy and will just work itself out, man!