-- 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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Lard A** would not know the “science” if it bit him on his rather large back side.
There never was any “science” it was for Illinois to comply.
Fabian Socialist is the more appropriate term.
Here is a link to its history:
Fabian Freeway – High Road to Socialism in the USA (mises.org)
No fascist has ever given up power
He seems to be the gift that just keeps on giving to Illinois. (sarcasm)
And he thinks that this is all everyone else’s fault–If he can find a mirror that is big enough for the ego and the girth perhaps he should look at one to see who is at fault.
Merry Christmas from Pritzker.
Jag