-- 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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I bought a couple of guns on MLK day. I thought it was fitting. Now another fake holiday honoring a fake event created to pacify the 14% so it looks like I may add something to my arsenal.
Im sure this will pass with zero discussion on what another holliday for our asfcme state worker heros (and im sure municiple workers) will cost or all the holliday pay for ot cost