-- 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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It was the nobody go to work or school epoch. The days when everyone screwed off. Hmm? You gonna pay me to stay home? Hmm lemme think on that, OK! Momma are getting dressed for work? No honey, just a little run to the bank and then the weed store you going to school honey? Nay, maybe tomorrow.
They didn’t go to class because they were carjacking, robbing, wilding, stealing bikes and gangbanging in Chicago parks. Their parents don’t care and the CTU was too lazy to go back to school. As long as they got their free food delivered is all that matters. This all must end.
Your tone is abrasive but your comment is 100% correct.