-- 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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Hard to believe Chicago is worse than this. Some needs to stop these roving bands of Swedes.Stop giving them milk after midnight. LOL
https://www.yahoo.com/news/mob-looters-terrorized-california-7-164240610.html
It’s only going to get worse. The combination of sanctuary state and no bail will decimate retailers. Thanks Governor Carnival Barker!
They want to live like this. In their minds, this is OK, its just part of the hustling way of live that some of them live.