-- 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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No, you need to get meaningful employment, throw off your socialist indoctrination and start doing for yourself what you expect the government and everyone else to do for you.
Lemmings at their finest!
I’ll admit my ignorance here. What does a third-year graduate “worker” (employee) actually do? Would anyone notice if they went on strike?
Just another gathering of angry leftists. JB the Hutt no doubt belched his approval.