-- 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 surprise here. CTU purchased their puppet Mayor BJ and they want massive piles of money shoveled into their wallets until Chicago, Cook County and Illinois financially collapse and they can steal from the Federal government (then rinse lather repeat infinitely). Everyone else is to be shoved away from the taxpayer funded pig trough until the swine of CTU have eaten it all. There is no amount of money that is enough to satisfy these lifetime parasitic grifters.