-- 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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This is classic for BJ The Race Clown — Lots Of Left Wing Horseshit — Zero Useful Knowledge or Experience
It’ll be more difficult for the guy to uncover financial irregularities if he can’t do basic math.
The plan is to loot the city.
Get with the program!!–math is the enemy of THE PEOPLE. It’s a “systemic racist” construct…everyone knows that.