-- 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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VDH is so awesome. He has enough perspective to turn the left upside down. The problem is that this lefty spin, with all lefties consistent, really fools a lot of people. Wirepoints is such a good influence.
Like many before have said. If the left didn’t have double standards they wouldn’t have standards at all.
How Right you are.
Victor Davis Hansen has more brains in his little finger than Brandon Johnson, JB Pritzker, and Stacy Davis Gates have combined.