-- 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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Who would have thought communist policies are bad for business. Soon Chicago store shelves will look just like store shelves in the Soviet Union….
And those poor people hurt the most will continue to vote for the same liberal failures that created the problem to begin with, so screw them. They get what they vote for.
This article, and the topics discussed, will never be read or seen by anyone in IL’s Democrat leadership positions. They live in a bubble, completely unaware of how they are viewed by the outside world, and the rare occasions when they do, they lash out at anyone who dares criticize their progressive utopia. Even yesterday, IL House Leader Chris Welch tweeted”: https://twitter.com/RepChrisWelch/status/1576572940656820224?cxt=HHwWgIC-pZGvjuErAAAA Lies! Lies! All Lies! You must not read! It will burn your eyes! Stay away, the information contained herein is too toxic to read, do not even open the paper, you cannot be exposed to new ideas! It’s… Read more »