-- 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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Amazing how in a state that featured a crèche to Satan in the capital rotunda, Christian religious rights are relegated to the scrap heap along with those protesting abortion that demonstrate peacefully outside clinics and voice their objections to “ queer “ literature being in the school library and advocated in the classroom along religious grounds. Push anti- Muslim sentiment in the same fashion and see what happens.