-- 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
So instead of making government more efficient and less wasteful of tax dollars the Democrat politicians double down on a losing lawsuit and even further waste the taxpayer’s money. It would be a comedy if it weren’t so sad and tragic.
The ONLY solution for the deep blue states is bankruptcy. The sooner the better. Every day that bankruptcy is delayed is a wasted day and more waste of the taxpayer’s money. So Connecticut: Please do America a favor and fail now.
Hahahah, all I read about on progressive tax sites is to repeal the tax cuts. Rich 10%ers on the coasts who want raise YOUR taxes are suddenly angry when their own taxes go up. The irony, I love trump so much.