-- 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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Go ahead and escalate SJW’s, anchor babies and white liberals enamored of all things illegal- stay on the sidewalks keeping your hands to yourself or get knocked on your ass. These aren’t police officers crippled by an idiot, Marxist mayor you’re screwing around with- these are Feds that take orders from a man that has no problem sweeping you away and dumping you in the trash where you belong.
This is not going to end well.