-- 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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I would say with the governor criminalizing dissent, he’s sent his new message for Democrats to embrace.
Dumb liberal professor (and I hope he reads my comment) wants to take that red pill really bad but the blue pill keeps whispering into his ear, “always vote blue, no matter who”. Sad really. This guy knows he and his ilk are out of touch, yet, he still believes that ‘orange man bad’ and clings to the fallacy that if only progressives could just ‘refine their message’ then the working class plebs would become content again. We all know that’s not true, it’s not the ‘message’ that is the problem. Their product sucks – that product being eternal shutdown,… Read more »
If these workers dare get angry over the lack of a paycheck Dictator for Life Jabba will just have to increase fines and jail terms, plus add new punishments