-- 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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Kass is right on again. Big mistake for the Dems to ignore this issue. Too many people in too many cities see the damage for the Dems to think it is isolated and unrecognized. In places like Madison Wisc and Naperville and other places that don’t get any publicity the residents there see it and will conclude the Dems ignoring it is tacit approval of it.
Nadler said it was a myth.
So what he penguin says is true?
Seriously?
Does anyone else find it amusing that the party of pedophiles nominate a candidate who accepts at a grade school? You cannot make this stuff up.
The DNC, including Michelle Obama, perpetuated rhetoric that all but ensures continued big city civil unrest leading up to the November 3rd elections.