-- 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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If the illegals enabling Bovey wants to really give his traumatized angels a dose of reality, take a day to lay out to them the murders, rapes, drug / gun selling, human trafficking and other crimes committed by Joe’s “people merely seeking a better life.”. Better yet, have those upstanding people that IDOC lets loose rather than turn them over to ICE set up shop in his sleepy little town.
Hope he sues the hell out of them, judge he posted pro law enforcement on his weekends.
Yeah lets see how that plays out.