-- 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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The fat man can fund free preschool right now.
Think of all the perverts and freaks that will be trying to groom these poor children in state run facilities.
Every one of the ‘accomplishments’ that JB the Hutt touted during his laughably sophistric inaugural address were paid for with IOUs. Illinois can afford nothing.
The igniters of the pension bomb are sparking.
The taxpayers are leaving.
With a treasury bereft of anything except stale IOUs and a few Federal Bailout dollars, JB the Hutt finds more ways to spend nonexistent dollars than any other state governor, and since he’s competing against Twosome Newsome, that is saying something.
This trust fund kid has never managed anything and it shows.
Illinois colleges are so terrible, few want to attend, even for free!
More democrat giveaways, while democrats systematically destroy law and order
The CTU will get their hooks into this preschool program and the children will get their usual outstanding education.
And get their hooks into the preschool children
No need for free college when Bidet can forgive student loans