-- 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
BIOOYMFA, blows-more/omar
Rep Omar needs to lay off the methamphetamine before attending her committee hearings. Interesting how she slanders black people when she condescendingly says being like black people is to have children out of wedlock. We know how she feels about jewish people. How does she really feel about people with sub-Saharan DNA? And then two sentences later says that I need to reach into my pocket and take food out of my childrens’ mouth to pay for some old obese person’s insulin because they eat themselves into Type II. My philosophy is that if you can afford a 2L of… Read more »
It doesn’t speak highly of the people of Minneapolis/St Paul when they think we need people in our govt who come from a country that has been beset with complete anarchy for multiple generations.
These are all safe districts so blue that to paraphrase Nancy P., a ham sandwich would get elected if it were a democrat.