-- 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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So the polling sites where many senior citizens will volunteer and vote will be at risk. The bars where younger demographics gather will be closed. We are protecting the young and putting the senior population at risk. Got to love a politicians logic.
The logic is just fine: In our area, seniors reliably vote Democrats. As Nancy Pelosi once said, votes are the keys to the kingdom in our system. So nothing, nothing at all, will stop Democrat politicians from getting their votes. Especially in our state, where the primary is the only election that really matters, where the Democrat who wins the primary is 99% assured to win the general. The real election is Tuesday. The grisly prospect of scores of dead elderly in the future is irrelevant to the Democrats who need the votes today. Very sad, but very true. And… Read more »
We left illinois,it will be DEM till the state is 100% distroyed!