-- 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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Also, the article claims that the lakefront liberals are some of the most right-leaning neighborhoods in the city because 1. they are wealthy and 2. they helped elect Rahm.
ummmm…….Rahm is a centrist Demoncrat, not right leaning. But if centrist is now right leaning compared to communist, then god help up all…
(of note, I read the article with an ad-blocker so I read it for free!!! Just as socialists intend it to be!)
I stopped reading when I saw the word Latinx. That’s not a real word – it has been rejected by the La Real Academia Española, THE authority on the use of Spanish worldwide. But hey, some progressive journalist in Chicago knows better, right? Don’t the scumbag degenerate socialists always think they know better, even if it means convincing you with the barrel of a gun?