-- 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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Tax and spend, tax and spend. The same crap over and over again from Democrats.
I guess he wants to get that inflation rate even higher. He belongs in the old folks home already. Maybe he can find all the marbles he lost there.
No, let’s not punish older people, let’s send him to an Illinois congregate setting where the lack of leadership governor (JB) did such a stellar job for our citizens during Covid. JB can entice him with words about all the good he has done.