-- 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
Pritzker and Leftist Democrats prove definitively they completely lack integrity – they are convinced that with the legacy media in their pocket, they can gaslight their way forward on the redistricting. Glad the whole of America got to see what liars Pritzker and the Leftist Democrats are.
Near the bottom of Pandora’s box is the cartridge box. Battle of Athens exactly 79 years ago proved that urgent changes can only be solved by violence. Look how long it took Algeria to free itself from colonial France. It took perhaps 750 years of violence to Christianize Spain.
Democrats do gerrymandering it OK . Republicans do gerrymandering it’s destroying democracy. Do as I say don’t do as I do .