-- 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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Just read this…don’t unless you want to get angry. Pathetic reach for an undeserved pay day. These folks are claiming that their parents picked cotton. Slavery ended 161 years ago – there is some math that does not work. The United States have stepped forward in a big way for decades. There is nothing a white man can do that a black man can’t in this country. These people are looking for a check and another free ride.