-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Let’s consider what “life sustaining” activities comprise.
Eating, drinking, sleeping, peeing, pooping, copulating, giving birth, smoking, drugging, etc.?
Some of these activities may fall into this vast and undefined category and be totally unacceptable to a civilized society.
At least I hope so.
New tourist attraction, come visit the bums!
Just when you thought Illinois Democrats couldn’t get any dumber. Chrissy ‘Felch’ Welch says, “Hold my beer.”
I hope those that voted Welch and all the other socialists into power have to fend off drugged up losers and step around piles of feces, garbage and used syringes when they try to use a public park. Then again, they probably don’t take their kids to the parks anyway.