-- 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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Maybe they should renounce their citizenship, fly down to Texas, join line of “recently arriving migrants”, get free bus-ride back to Chicago, and obtain what’s on offer: free medical care, free phone, $2000/month rent stipend, and regularly reloaded debit card for incidentals. Thank you JB and BJ.
Natives lose their medicaid because the illegals need it more.
Welfare roaches