-- 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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Funny but the Sun Times doesn’t indicate why Heartland is having financial problems even though the shut down is not a surprise to their employees. Hmmmm.
I guess the lefties in the lefty neighborhoods where Heartland does its lefty things aren’t that generous. You have also got to laugh that a lefty charitable organization is unionized. Unions will steal from everyone apparently.
I can’t figure out why it was important to the writer to mention how many employees belong to a union.
So true, like you said a charitable organization unionized something stinks.
Perhaps if it was committed to feeding people legally in the country, donations would be different.
Reputable charities can apply for exemptions from the EO.
It is too bad things they think are so important for us to know are hidden behind a paywall. Makes me appreciate Wirepoints even more.
We’ve become like high tax Europe. Europeans don’t give to charities, rationalizing it, and rightfully so, as: we pay half our income in taxes, let the “state” provide. This is what Liberalism looks like in practice. Sad.
Remember that Obama wanted to end the charitable tax deduction.