-- 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
Get used to this kind of nonsense as unqualified hires that can’t properly process paperwork and don’t really care if they do so long as they get a paycheck and benefits become the norm in all levels of government.
Veterans deserve better treatment from our country. They risked their lives and fought for our country and our freedoms…they should never owe taxes, they shouldnt have to pay for healthcare, and they should all have a home until their last day on earth! Veterans- Thank you for all that you have risked for all of us Americans to have our freedoms that most take for granted.