-- 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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I want to believe that this progressive nightmare we’re living in can be stopped, but in all likelihood it won’t be in Illinois. There is definitely hope at the national level however. Nothing would make me happier than seeing them take away Nancy’s gavel, and send Chuck Schumer back to the shadows where that piece of garbage belongs.
Durbin and Schiff can go into the shadows as well.
To paraphrase Pope: Hope springs eternal in the hearts of man.
Keep hoping and in November, let’s vote the bums out!
This is a glimmer of hope for November. It’s not like Democrats political fortunes are suddenly going to improve in 7 months.
Let’s hope not.