-- 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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Hmm, I can’t imagine the problems growing dope in Illinois considering it grows wild all over the world.
Even back in the mid 70’s my homegrown grew for free in Detroit and got me pleasantly high — not stoned out of my mind.
A few seeds and dirt shouldn’t cost $8-10 mm, but I guess the Dems reap what they sow.
I struggle to raise $8,000,000 to $10,000,000 too!
Hang on , let me reach into my back pocket!
I thought white privilege precluded struggling; silly me! Wonder how many people understand that the money for the $8.75 million of forgivable loans being set aside for minority comes out of OUR pockets? I think not many. The simple fact is that all money government spends comes from working people’s, property owners’ and retirees’ pockets. The government distributes OUR money – they have no incoming cash other than the money WE pay in taxes: sales, use, property, license fees, state and local taxes, federal taxes, etc. We OWN the government and the recent election made it clear the people of… Read more »