-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
“The amended act heavily focuses on the grief parents feel during pregnancy loss and failed adoptions.”
Will parents of aborted babies qualify? That’s a ‘pregnancy loss,’ isn’t it?
The state’s juxtaposition on abortions and bereavement for loss is ambiguous.
They can suck their dismembered baby into a sink and JB sings their praises. Why the bereavement?
I say this facetiously to make a point. Losing a baby is a nightmare. I wish it on no one.