-- 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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The oppressed Latinx is getting back at the system that tried to keep her down by letting as many miscreants as possible avoid jail. She could really play the SJW role in her native Puerto Rico where 49% of the population receives public assistance, courtesy of US taxpayers.
If this crap continues and does not get corrected
then what is invited is a counter vigilante
progression that takes us backwards.
These socialists are playing with another
form of fire that burns more intensely.