-- 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 hope folks– including Brandon and our 15 or so City Council members– are watching what is going on right now in good old socialist Cuba. And that goes for the Sharkey crowd at CTU as well. The economy, the country and so many wonderful people are suffering unbelievably as a result of the wacky socialist policies there over the decades. Cuba is now begging the UN for food, gasoline and medical supplies. Tourism has dried up. The agricultural industry in one of the greatest growing areas in the world has collapsed. If only they had a Second Amendment so… Read more »