-- 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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See everyone? Insane progressives with IQ’s in the mid-80’s know better than you do. Everything is just fine, right?
One need only look at the real statistics, not data from a crooked state unwilling to admit it’s progressive experiment is a mistake, to see that the Pritzger/ Kwame/ Foxx/ Evans catch and release program isn’t working.
How many lives have to be lost before progressives admit they have made a mistake on this one? Why was the system changed? What are the factors being used to “judge bail reform law”?