-- 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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Use the decennial data (the 10 year actual count), not the estimates in the ACS.
It never occurred to anyone the decennial data would not be used until the Democrats cooked up yet another scheme, this time in the name of COVID and the claim blacks and browns are undercounted.
What is more prone to cheating?
Actual counts or estimates?
No system is perfect.
The Democrats might think they are being clever but every scheme drives more people out of the state.
Mike, the scheme is working perfectly. Most of their constituents are perfectly happy with complete one-party rule like Mexico or some third world country overseas. They don’t care if people leave because those people don’t have a future in our state.