-- 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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No ancle monitors, send them to some stank federal prison.
The US should contract with Mexico to house some of prisoners in Mexican prisons.
Reminiscent of the Feds withholding funds until the drinking age limit was raised. Some people never learn.
It’s going to be something when Brando, JB & the machine fight trump & the feds all on the chump taxpayers dime$$$$…..all with ZERO cuts for are upper-class public sec heroes and ZERO rollbacks of COVID-ARPA spending……!!!!!EQUITY!!!!