-- 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
That’s what They do, descend on the victim and clean out their pockets. It’s never enough with Them.
Regularly release violent gangbangers – no publicity, just more chaos in the streets as they reoffend.
Then there’s Jason Van Dyke – his career is over, he has served his time, and his life is in shambles. He got caught up in the moment and made a tragic mistake that took a life and will overshadow his life and legacy.
But breaking him isn’t enough, is it? The small mob wants to pick his bones in the town square.
What he did was wrong; what the small mob is doing is wrong.
Two wrongs have never made a right.