-- 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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Democrats Deliver:
Death
Destruction
Destitution
Disinvestment
Disease
Disintegration
Dilapidation
Degeneration
Deterioration
Decay
Damage
Destitution
Degeneracy
Deficits
Decline
Debasement
Downgrade
Degringolade
…and, ultimately,
Downfall.
They deliver all right, but what they ‘deliver’ is poor governance, poorly considered laws (SAFE-T law is a sterling example), lawlessness, unsafe streets, non-stop disaster declarations, high taxes, soft-on-crime policies, and general chaos.
A virtual criminal paradise.
The don’t deliver babies — they dispose of fetal corpses