-- 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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Welcome to the Democrats Utopia! Liars, thieves, grifters, addicts and an assortment of gimme people who are looking to or are already freeloading on tax payer dollars. An unvetted law pushed by certain minorities and endorsed by uber liberal democrats who will do or say anything to preserve the votes of those minorities. To hell with the law abiding citizens who will suffer, to hell with the minorities that will be severely impacted as the released criminals will be back in the neighborhoods they came from. Anything for votes no matter the consequences.