-- 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
He’s not protecting my rights. IL supreme court bought and paid for by Dems. This court voted against all IL when they dismissed the case against gerrymandering. I hope the case goes to the Federal Supreme Court.
Wow. Don’t tell me that Kwame is actually going to stay in IL for once instead going coast to coast to help spread the Dems Marxist ideology! Strange days…
The single biggest thing hurting IL is voters who continually vote for politicians who seek to perpetuate and expand the role of government and the voracious appetite for spending and no appetite for fiscal discipline. IL govt is like junk food, it’ll kill you.
Elected leaders are giving the voters exactly what they want.
Voters with public pensions…
As well as voters that aren’t public employees.
Even if every public employee voted (they didn’t) and every public employee voted for democrats (they didn’t), you wouldn’t have enough voters to elect democrats. Sure public employees tend to support dems but clearly there are many other voters that aren’t public employees that support these policies. Overall, the voters are getting exactly what they want.