-- 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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Take a look at the idiots that voted against it, now look at Chuy Garcia
And the bill he has sponsored NEW WAY FORWARD and they call white people racist.
Each and every one of those Democrats are infected with TDS. Good ideas and necessary bills unfortunately get caught up in the ‘resistance’ and this is one such case. I’m not sure who they are even virtue signaling their Trump hatred too.