-- 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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People like Ramirez love to trash America at every opportunity. Great example of biting the hand that feeds you. I wonder where else she’d have such a cushy, high-paid job.
If there isn’t a law removing her citizenship there should be.
US Congressmen people who tear down the US and put their home country first need to be removed from office. She’s like Omar who said she puts Somalia first. If they don’t like this country then leave.