-- 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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What a great message to send to the illegals. Come to the USA and wait on us hand and foot!
A second great message is come to Chicago and stay in our hotels. However know we will have people who snuck into the country illegally enter your hotel room every day. We have no process to weed out those that were criminals in their home country, or know what health issues these people may have. Yikes.
Cut welfare and Americans will apply for those jobs