-- 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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Check out Curt Weldon on Tucker Carlson’s podcast. Our government and the elites they serve don’t care about workers. It’s quite obvious. They don’t care about poor, minority, elderly, disabled, they don’t care about anything they can’t grift off of. The Democrats are the worse of two dishonest, disingenuous parties because they actually pretend they care.