-- 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
Hmm.. wondering if they have the same option for Ukraine, seeing as they have received more aid than the recent hurricane victims? And talk about a loaded question! Would like to see one worded likewise re the illegals “ as we’ve given billions in aid to people that entered our country illegally..”. Don’t hold your breath.
Here’s a referendum proposal:
Should the IRS revoke tax-exempt status from publicly funded Universities and Endowments which blatantly disregard bans on political activities, particularly when they advance the cause of Jew Hate and Christian Hate by endorsing terrorism and terrorist nations with dishonest
hate-speech language reminiscent of 1966 Red Guard murderers of intellectuals?