-- 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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Basements teeming with poor people living in squalid conditions. Didn’t we as a nation try to do away with that around the turn of the previous century? Child labor soon to be in vogue also? Ah, the good ole days!
Child labor is in vogue at Cali pot farms per a recent ICE raid. Another dirty little secret brought back by the Democratic party.