-- 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
Can’t wait to tally up their subsidies from JB the Hutt, all while they go belly up a la Lion Electric.
How many of these schemes must taxpayers fund?
When the federal ‘green energy’ largesse ends (ending sooner thanks to PDJT) nearly all of these jobs disappear – they are not based on market dynamics but taxpayer subsidies.
Break out the Champagne
One hand and possibly one finger.
Take your pick on the finger.
Classic Sun-Times. 5 to 6 employees is supposedly newsworthy — because it’s solar.