-- 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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They think that if not talked about it does not exist
What we witness, today, is the result of a new social construct that has removed individual agency. We live in a society where half of our citizens, the takers, live off of the income either borrowed (on the backs of our future children) or redistributed from the makers.
And, across much of both of these groups there are no values, no standards, no expectations; nothing of fiber.
Move along. Nothing to see here. Move along.