-- 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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“Brown and Shuman are part of a wave of people migrating from coastal cities to “secondary” cities — drawn by a lower cost of living, lighter tax burden, job growth and a better chance to buy a home they can afford….”
Until all the newcomers keep voting for liberals and then the new place will look just like the place they fled because they voted for liberals.
What is the difference between genius and stupidity?
Genius has limits.
Liberalism is a contagious disease.