-- 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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The “ most generous folks from the community “ show their true colors and reinforce several stereotypes in one fell swoop.
An entire generation who have no purpose in life, no direction and do not understand how to behave in society. A continuing circle of failure and a problem that more money does not solve.
True, but I regard that as a reason to fear them, not to dismiss them. A class like that be key to a destructive social revolution. They were a big part of the coalition that elected Biden and darn near destroyed the country. They are a big part of the left’s coalitions that have crippled Illinois and Chicago.
Exactly! A steady diet(Ha!) of Victimology.
I agree Mark. This is the under-lying problem democrats do not want admit even exists. More money into programs clearly does not address the problem. This, along with 4 years of open boarders, are the most costly and damaging societal conditions ever.