-- 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
And her logic is twisted too. She’s blaming other states with constitutionally protected gun rights for Chicago’s violence. Lori, the guns aren’t causing problems in Indiana or Wisconsin or Missouri Gangbangers with guns is a Chicago problem. Why should folks in Indiana who use guns responsibility have gun control to stop Chicago’s violence?
Typical of those with the entitlement attitude: blame somebody else for all your problems.
And she is turning out to have quite a mounth, which isn’t serving her well.