-- 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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Not one more cent to the Homeless – Industrial Complex! The more money these organizations get, the more that homelessness increases…
Spot on. I want to be relieved of homeless people and their spawn (mental illness, drug and alcohol addiction, violence, public urination and defecatio, getting in your face for money when about your personal business, endangering traffic safety at off ramps, subsidizing their medical care……..