-- 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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GOOD! This is what need to be done. Unfortunately there is no other way.
Once again an Illinois virtue signaling law will be declared illegal and the taxpayers will have to pay for Kwaumie Raoul’s futile flailing at defending the law. Wasting the taspayers money while polishing up Fatboy Pritzker’s progressive resume. Disgusting. Illinois government is a criminal scam.
The constitution means nothing to these authoritarians. The constitution exists to protect you from people like them. Because they are the bad ones, they are the terrible tyrants that the founding fathers intended to protect you from. Kinda crazy, if you think about it.
Wonder who the negative vote is. Same person? Do they have the guts to respond?