-- 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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And the WOKE media puts this on the air KNOWING HE IS MAKING FALSE STATEMENT
Chuy had been in Chicago for over 50 years. Why does he refuse to talk like it ?
Chewy and Duckworth. 2 politicians you needn’t hear
“False and Inflammatory statements” – In US society, that used to be called “telling Lies”. Illinois Politicians are pathetic.
Chewy the Marxist defends his fellow Marxist.
Not news.