-- 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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Why isn’t Calif. fixing the levies around Sacramento ? It’s a Katrina waiting to happen in the Dem flagship state. It has to be one of two reasons: (1) climate change is a scam or (2) maybe the state’s $1 trillion unfunded pension liability really is crowding out other spending.
its reason #1… and #2
It’s nice that WaPo cites you but I absolutely refuse, on principal, to read any WaPo as they are the definition of fake news that is actively hostile against deplorables.
Think of it this way. We’re doing our part to ensure that democracy really doesn’t die in darkness, as we see that.
Hahahaha Democracy won’t die without WaPo, but a few ‘journalists’ might go hungry.