-- 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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“”Nobody wants a romantic dinner in a lawless area,” said Greenberg. “Everybody I know is figuring out how to get out of Chicago right now.””
Dumb liberal sees the light! Don’t forget to leave your awful politics back in Chicago!
Your the best Debstor I for one am getting out of IL born and raised here done can’t stand these dumbbells anymore top to bottom liars all of them.
I was saying to my wife just yesterday, “It has become morally reprehensible to live in this state”. She agreed fully.
We’re still thinking about it. I’m trying my best not to let the progressives and liberals run me out of my own state. Fighting back is futile so I’m just trying to live with my progressive overlords until it is intolerable.
You better leave now.After TRUMP has got the next 4 years won.Chicago will burn again,this time a lot worse.