-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Richard Porter has done SUCH a terrible job for the Illinois GOP, it’s astounding that anyone would want Richard Porter input for Anything! He obviously has no shame. He is the poster child for a failed Illinois GOP. His greatest need is to be likes. He possesses NO LEADERSHIP skills what do ever.
Please. Tell us how you would do a better job.
Democrats embrace cult like behavior, e.g. the mask was their talisman. End of analysis.
Masks were show subservience. They meant you were weak and wanted to be subjugated. If you were a woman you know what I’d tell you to do
Good analysis – thanks.
How is this different from what MAGA is doing to the Republican Party?
If you don’t watch the news, you are uninformed. If you get all of your news from CNN or other legacy media, you are misinformed, because you are actively being lied so, because you live in a carefully constructed fantasy world of make believe, a bit like North Koreans are told that the Evil US will attack them at any moment with a nuclear bomb…
Why don’t you tell us how so we can see how you equivocate something that is unequivocable.