-- 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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Preying on weak minded morons. Gambling is for imbeciles. Never bet on anything where you have no influence on the outcome. You never hear about rich gamblers. You can win if you can cheat. Just ask FJB!
Gambling, marijuana and abortions … that should somehow be worked into the ads for Chicago and Illinois tourism.
Embarrassing!
Let’s wait until we legalize prostitution.
Illinois has it all.
You are absolutely right. We are watching the decline of civilization. Personal accountability is no more, and the brazen behavior demonstrated by the dregs of society will only increase.
As long as the government gets tax money, they do not care if they destroy families.
The greed for pensions money is overwhelming.