-- 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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Amazing isn’t it? The free money from Dementia Joe dried up and the loafers got up off the couch and got back to work. You’ll never see it said this way in the mainstream media but that’s the truth. This is a clear example of why Progressives must be defeated. Send the Bernie Sanders crew packing. They want to give lazy people free money forever. It will be the death of this country.
Or the fraud claims simply dried up