-- 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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Communists are not who you should worry about most, but enemy is the public sector unions who will (are) destroy you.
Lier, lier pants on fire, make that very large
Pants on fire , Pritzker
More duplicity. First they were a subsidiary of Volkswagen. When caught in that lie, then they had no ties to the CCP. Now they admit that maybe, kinda, sorta they do. Aided and abetted by the “ Joe is fine!” crowd.
I can smell the bacon sizzling.