-- 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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Chicago is a great example of the exact type of plantation intended by the democrats since their organization as a party. After generations, the locals have accepted their slave status and pretty much just shrug whenever some new violation of their rights is perpetrated by their masters. Many of them will even defend their masters. It truly is the best embodiment of the slave system ever divised. The slaves don’t even know they are slaves.
A model of what not to do.
Leaving, that’s what the story says. You are forever trying to blanket the site with mindless responses like that. We’ve asked you often to stop. Please comment only with something new or informative or we will have to block you.