-- 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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As if all the free stuff handed on a silver platter to the minority crowd wasnt enough. The term “Gibs me dat” really has some meaning. Gibs me, gibs me, gibs me!
So will the costs of Evanston looting be applied toward this reparations spending?
If you look at the local paper in 1 year,you will see the for sale signs for house and land sales!! They will not move at all.East St.Louis atmosphere will be a shining.And they will still vote dem.