-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
What’s next? If you spank a child that would be considered abuse. Oh yeah! it is already a crime. Maybe if you tell your child to do their homework the kids could suffer from micro-aggressions and would then need some comfort dogs to console them (dogs would then also qualify for a pension). Soon the state will take our kids from us and indoctrinate them in the “Illinois Way” because we do not know how to raise our own kids. It think I remember reading about this happening in parts of Europe around WWll but just can’t quite put my… Read more »
We have real issues in this state and this is the democrats agenda for the state of Illinois! How pathetic!
They hate you. They really, really hate you.