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.
Of course the Communist chorus of The Black Dehlia, Chummy Garcia and Mejia You Sick (all D – Economic Illiterates) would want to artificially raise prices for Americans once again. None of these lefty loons ever had a real job, much the same as Mayor Cliff Notes (D – Sharp as a Bowling Ball) and Commie Mamdani (D – Unemployable). The commonality of all of these leftists is a complete lack of real-world accomplishments other than being elected to office, something that a chimpanzee could do, except the chimp would outthink and out govern any of these urchins. Illinois elects… Read more »
Let’s call this one, the “Economic Illiteracy Act.”