-- 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 till we run out of other people’s money…..
I think it’s been wildly successful at demonstrating that Democrats are morons who can’t fathom unintended consequences. Lori and that dope in NY! Hmmmm…what do they have in common? Hmmm…..
For the libtards, this is the wedge issue that will turn off independents — as well as large sections of black and latin voters