-- 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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Gaslighting is a Democrat specialty. And all of this is gaslighting.
Lori should dress like a cheerleader! It’s beyond fabulous!
They think the only problem is in the messaging.
Looks like Lightweight has moved from the State of Illinois to the state of denial. Maybe in her little bubble everything is going swell, but the average Chicagoan is inundated with real life stories of violence, poor services and out of control inflation. People aren’t going to care what she says or how she says it. They are living a nightmare, and somebody is going to get blamed.
Golly, it looks like we’ve been wrong on everything. Everything.
Indeed! And watch out for the flying pigs.