-- 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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Lightfoot and Pritzker both have the same goal: Creating the appearance of as big of a disaster as possible in order to ask for federal bailouts for pensions and federal funding for all Chicago and Illinois debt. Remember: Government and the taxpayers in Illinois exists to pay for government worker wages and pensions. Period. Everything out of their mouths is propaganda to support this goal. While neither one is brutally Stalinist enough to actually try and increase the numbers of deaths from Wuhan Virus they will certainly pervert and fabricate the numbers. Break your ankle? Illinois hospital data will show… Read more »
Math is for Republicans, you know….