-- 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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Yes. Massively unconstitutional and the taxpayers – even the smart, conservative republican taxpayers- will get screwed paying for the losing court case. Radical socialist virtue signaling ain’t free.
Of course they are illegal! The Constitution is one for the entire United States. Not the zones designated by ignorant politicians to limit speech that they do not want to hear! The Left never ceases trying to destroy our bedrock principles! They are a cancer on this nation!
Downers Grove. Another suburban town that has gone to hell.