-- 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
THIS SOCIETY IS JUST PLAIN SICK……. CORRUPT…….WHAT EVER YOU WANT TO CALL IT………ALL ABOUT CAUSING PROBLEMS AND TAKING OTHER PEOPLES THINGS……..EVERYONE KNOWS THE DEMS ARE RESPONSIBLE FOR KEEPING SLAVES……..REPS FREED THEM!!
Get the 400,000 signatures then take the whole pile and do what with them. Do you
Think Brandon, “First get the money”, will
Agree to destroying Chicago.
Do you think our gov, EL Gordo will agree to
Destroy Illinois. What a hubris statement.
That billboard is a waste of money, the lead
In the water has finally done its job.
Watch the news from Haiti that’s where
We are headed.
Bu, bu, but – What about ‘equity’?
this is totally nuts, Howard Ray’s stating Blacks need prop tax reparations in Chicago Ill, which never had slavery, to keep Blacks from fleeing to the southern states, the home of slavery?:
That’s complete nonsense. General Sherman burned the what remained of the south during the war. All that ‘generational’ wealth went up in flames as entire estates went up in flames, and like my poor, but very distant relatives on my grandfather’s side, they had nothing left but to farm peanuts for pennies. You could extrapolate that out even further and say that the Great Depression wiped out much of whatever wealth remained, all but for the extremely wealthy, and I know my great-great and great-grandpartents struggled in Chicago during the Great Depression. My great-grandfather was 21 in 1929 and he… Read more »
Sorry, typo, meant to say “avoid being drafted into WWII” he did not serve.