-- 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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No confidence Democrat politicians, and rinos will ever side with the law abiding, tax paying citizens, at least not in a Democrat state. Democrats will most likely side with
car jackers, murderers, arsonists, home invaders, looters. Democrat laws imply Democrat politicians have the criminals back. And coming to protect the criminal in 2023 we will take your oppositions protections away, the police and their guns.
Yet, Democrats were re-elected last week.
The only way out of this mess is move out.
Your right!