-- 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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Here is a perspective, if yo live in Illinois you live in a state that is a sanctuary state for illegal aliens. Ergo, if you live in Illinois you are complicit . You do not deserve the rule of law because you ALLOW your legislatures and elected representative to subjugate the rule of law to the whims of politics. If you or you family are murdered, raped, tortured, you brought it on housefly. and that includes me and my family. We are al complicit in lawlessness trough our inaction. We are not innocent in this and we deserve no sympathy.… Read more »