-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Business as usual for Illinois Democrat stooges and their criminal Public Sector Union masters. All of them need to be burned at the stake. In this target rich environment that vigilant Watchdog of Crime, Kwaumie Raoul, will certainly pounce on this. Cry havoc and let slip that hounddog of crime!!!
Need to cap donations from PAC groups to fight the fraud as well.
Oh we’re oh we’re is Raoul, Harmon needs to be prosecuted to the fullest extent of the law Trump DOJ come and get him.
Any bets on a slap on the wrist and the money going into the nebulous General Fund?
Yup and Harmon is just laughing he don’t give a damn.