-- 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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I am responsible for my own security, not relying on anyone else. The more armed good citizens who can fight back, the better off we all are.
Liberals in Chicago gave money to the cop hating Democrats, whose policies popped their neighborhood bubble of safety. KARMA!
Citizens also don’t need a newspaper that doesn’t report the news.
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The Tribune should be absolutely embarrassed that a mere handful of people run rings around their massive organization.