-- 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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Their neighborhood is slowly going to hell. Enjoy blaming yourselves for the actions of the domestic terrorist Marxist blm organization. You deserve what will happen next due to your stupidity. They will soon come after you.
These people are gone. They will never see the error of their ways and change course.
Your only hope is to move away from them. Otherwise these moralizing busybodies will torment you forever.