-- 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
Here’s an article. Almost hard to believe. When will NOT paying property taxes become legal?
https://www.yahoo.com/entertainment/now-society-where-looting-incentivized-090157756.html
Wow at $40 a purse they had to steal over 1,500 purses! Does anyone pay over $40 for a purse?
I think only wimps pay that much—a bunch of pursies!!
LOL!
They need those purses! Where else can they put all the money that Dementia Joe sends them monthly?