-- 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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Largest generational theft in history. The cops, teachers, and firemen have stolen money from unborn children. Many will leave the State as soon as they reach their 20’s never to look back. Without young families the future is poor. Greed killed Illinois.
Illinois doesn’t have the money the fat man wants to spend, but the fat man has the money. Make him pay
LOL, Biden wants to spend other people’s money, that’s the definition of Democrats for 100 years now. I’m sure the Biden junta is shaking in its pants right now.
These people need to ratchet up their rhetoric. Just tell it like it is: Biden is a traitorous and treasonous dementia patient who sold us out to China and Ukraine for personal gain and he deserves to be in prison.
Isn’t that what Democrats have been saying about Trump for 6 years now?