-- 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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Horsey dung! She’s right in bed with him!!
Good thing Lightweight seems to really have a handle on the crucial issues challenging Chicago.
Democrats truly have no idea of how business and the free market works. To Democrats a business is just a money printing machine achieved via theft, cheating and magic unicorn dust.
They understand how it works, they just want to take some of it from you.
I understand what you are saying debtsor, but I’m going to have to agree with TPG on this one. Most laypeople have no idea how thin the margins of a business are. They don’t understand “commercial” costs versus their own. They see what goes in the cash register, but they have no idea what comes out and for what. I once rented a building with my small business in it where one component of my rent was property taxes. I paid $90,000 a year in property taxes, and that was a few years back. Most people don’t know what a… Read more »
I’d take it a step further and say most modern Democrats don’t know how much of anything in the world works.
And that’s exactly how the swamp (state and fed) wants it
“…they just want to take some of it from you.”
Wrongo! They want all of it.
How about forcing the state pension funds to disclose how much they are paying for investment fees?
And to whom ….
Grubhub isn’t even a marketing service, it’s an app, for people too lazy to call the restaurant directly.