-- 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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Another Hispanic progressive/ socialist/Marxist that should perhaps consult those that escaped the Cuban/ Venezuelan Utopias for a better life not lorded over by the military/ terrorist regimes she seems to favor.
Most Cubans didn’t support communism. Castro was an armed and overthrew the existing government and he called it a revolution. It wasn’t, it was a coup.
Venezuelans on the other hand, they were fully complicit in the disaster they created. They voted for Chavez and then Maduro and support him with Putin-esque popularity. Venezuelans voted for ‘free stuff’ to directly out of the pockets of the supposedly rich, lighter skinned Venezuelans. And they got it good and hard.