-- 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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Who knew state treasurers were spokespersons on this topic? Maybe they could offer their wisdom to us on other topics such as the Russia-Ukraine war.
Someone should tell the lefties and the Democrats this.
Mike another Dem tool that tells us all to cool it, while never once acknowledging that the majority of political violence has been proven to have come from Antifa, BLM, Hollywood celebrities voicing support for harm to Trump and the right, lone wolf nut jobs attempting/ succeeding at political assassinations etc. Let’s spread the blame around so as to mitigate the truth . He is a full blown example of leftist violence being denied by the left in a nutshell.