-- 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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The common denominator is public sector unions. Bust them all. They are the source of corruption and criminal collusion with evil politicians.
How are people who cannot pay their bills now pay for this huge debt?
This debt has little chance of ever being paid for.
Another liability the states listed share are large, blue urban areas chock full of folks that have decided working and paying taxes just isn’t their thing.
The bus to the border provides seats for the WHOLE family so I don’t want to ever hear that the government separated families. Abandoning your children in a foreign country is a personal choice.
Let’s forcibly make each and every illegal immigrant pay $10,915 into a pension trust before deporting him or her.
Easily done on minimum wage? Don’t hold your breath on that one. Tax pension benefits is a much better way to raise money.