-- 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
Time for liberals to enjoy and bask in the fruits of liberals policies here in the Windy City!
I can’t wait to watch this, it’s going to be hilarious to watch. Libtard utopia
Like to be a fly on the wall
Who cares? The local and state government can’t assure the safety of its residents! Why would we give two hoots about the elites of the left? Let them navigate the lovely streets of Chicago on their own! Oh, wait, they likely all have ARMED private security. The hypocrisy of the party of the people needing security.
We can only hope, people who continue to pull the blue handle need a wakeup call.