-- 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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Reward non-productivity and penalize productivity. It is the Democratic way.
Why oh why is it my problem that people choose to become druggies and alcoholics which results in them being “homeless.”
Once upon a time these types were more aptly called bums or vagrants.
It’s everyone’s problem because it’s a Quality of Life issue. However, Democrat ‘solutions’ to homelessness always seems to make the problem worse.