-- 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 release the inmate? Just offer them a free abortion, it’s health care, it’s a medical procedure, nothing more than scraping away some arm, leg, heart tissue from a parasitic fetus draining nutrients from its host, the prisoner. Rep Cassiday the baby killer would love this. She can give the prisoner free dental care on mondays, free check ups on tuesday, and make it abortion wednesdays.