-- 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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No bi-partisanship with commies. Don’t give them an inch. The answer should always be NO. NO NO NO. Don’t ever agree to anything they say, and then push back to make things even more uncomfortable for them.
The Farmers are the richest people in Illinois. They land value is up, up and away. They should knock down all the homes in Chicago and make it farmland, it would be of greater value.