-- 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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The article provides significant information about who is funding the anti-Trump groups, but little about what they intend to do. They plan “to think through the most damaging types of things that [Trump] might do so that we’re ready to bring lawsuits if we have to…” A similar effort would be appropriate regarding any Democrat or Republican who becomes President.
The fund should be called Protect Communism, but, those words would expose the true agenda of Democrat’s “Democracy”.