-- 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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Frerichs has a problem with the Constitution, and I suspect has broken a law or two here. Frerichs is unfit for office.
He is a peach! Part of the Illinois problem!
“Asked if he’d urge the money managers not to support Democratic members of Congress who objected to the certification of President Donald Trump’s election win in 2017, Frerichs said he wouldn’t. “In 2017, there were peaceful protests, there were not riots, there were not attacks on our … nation’s capital,” Frerichs said.”
What a POS hypocrite. They do this to humiliate us.