-- 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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I used have a libtard family friends who live in Edgewater with their kids. I no longer talk to then because during COVID-19, I intentionally and purposefully removed all libtards from my life. They apparently still live there, as a family, despite there being 16 people shot in the first 9 months of the year. They’re one of these ‘diversity is our strength!’ kind of families that believes interactions with criminal gangbangers, illegal immigrants, and foreigners from third world countries is somehow cultural enrichment. They can’t even bring their kid to the public parks without fear of being shot in… Read more »