-- 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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Already making up excuses for this awful decision. When one of the dangerous thugs kills some innocent person because they were set free, the excuse will be, you know, this was necessary because of equity and stuff. These social justice warriors will celebrate this type of tragedy as progress! If you don’t like it, then move.
The blame for every crime — committed by thug who would have been in jail — under the bail system — should be laid upon the filthy crime-enabling Democrat sewer rats
Makes me sick thinking good, law abiding taxpayers pay these dirty rats salaries.
Communism, state by state is the democratic way.