-- 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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All these new laws make it difficult to exploit workers and maximize profits. Why is Illinois trying to protect workers but not our corporate masters? Something must be done to stop this madness.
You’re right. Government should just kill all these businesses making profits so that everyone can benefit, especially those soon-to-be former workers going on the compo.
Poor Bill from Oswego. I must have really gotten you all riled up. Are you having fun with your new little game of posting your nonsense using my name? I’ve always said that most leftists have failed to grow up. Thanks for proving me right.