-- 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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Florida gets HUGE amounts of Northern Democratic Pension money which helps the local economy tremendously. Money earned up north gets spent in Florida. Florida says “Thank you” for all of your hard work and help.
Of the two states mentioned, one, Illinois, is poorly run and gerrymandered into one-party rule. The other, Florida, spends less than it takes in, and is much more efficient and effective than Illinois.
Illinois is broke. Why? Democrats.
Florida has a surplus. Again. Why? Republicans.
All JB the Hutt has to defend himself are his usual ‘nazi’ accusations that have no basis in fact and are designed specifically to inflame the left. The Hutt, and others’ irresponsible rhetoric is going to get people killed.