-- 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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‘What is going on with Chicago?’ asks beleaguered leftist author Danny Danvir. Simple. Big government labor got what they wanted: a simpleton who followed their orders who removed all commonsense restraints on public sector spending in the City. Having accomplished their looting of Chicago’s treasury, the left can’t fathom how the city could possibly be unable to financially fulfill all their communist dreams and aspirations. Alex Han and the rest of the lefty horde deflect like swordsmen losing a fight as they repeatedly blame all the wrong personnel for Chicago’s mess. Now these same lefty agitators, like Han, salivate at… Read more »
Unfortunately, the hard line Dems (AOC, Jeffries, Crockett et al ) won’t back off of their Mondami pipe dreams until people have had enough. Then start watching those sweet, sweet Dem tears flow “ from the river to the sea “, to use one of their favorite phrases.
Do yuh think?
Wow. Clueless, unaware of financial constraints, blaming others, talking in circles, assuming that they alone know the way to go, arrogant. It’s like 60s radicals that never grew up.