-- 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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Pols like these two and the clownish Slaughter should be made to wear outsized shoes, car pool crammed 6 into a Mini Cooper and wear a large red nose that honks when squeezed, once for yes, twice for no when voting on anything. It would be better than having to suffer their ridiculous nonsense.
One of my favorite bands, Rush, had a hit song called “Freewill”. A passage in it stated,
“If you choose not to decide, you still have made a choice”.
Looks like these Dems are against “Freewill”…