-- 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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The article does a fairly good job of framing half the picture. The other half that is missing is the effect of the deteriorating classic midwestern value culture has on out migration. Successful people tend to have certain traits in common, among them marriage, raising children in two parent opposite sex households, marrying and starting a family only after they have a defined career path etc. Take a look at the values taught in Illinois public education system and preached by the state, this is one of the greatest any states, it promotes sexual deviancy, diversity perversity, and promiscuity an… Read more »
The ruling democrats don’t care. They have no choice but to obey their union masters and royally screw the taxpayer. It’s easy for them to smear those who leave as greedy traitors