-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
No wonder the Democrats want to abolish the judiciary
Pritzger and his gang of democrat thugs have lost 3 in a row. Most likely they will lose over and over again. Nice way to waste tax dollars since litigation of this type is always handled by outside counsel, politically connected of course, at probably $600+ an hour. Lawful, legal, law abiding gun owners are not the problem, the out of control black violence plaguing Chicago is the problem. Treat the disease by putting these violent criminals in prison dont treat innocent gun owners as violent criminals. Easy, plain, simple.