-- 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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Grieve on your own time. Do your job and demand answers as to how and why this was allowed to happen. Biden screwed this up beyond recognition. He is not capable of executing the responsibilities of the office that he holds. How many Americans have to die because of gross negligence? If only Do Nothing Durbin and Dimwit Dockworth had an once of integrity, maybe they would do something. They are both worthless.
Durbin is more than likely dancing around his office waving a Taliban flag and celebrating.
The two Democratic Senators should be “Grieving”. They are the ones responsible.