-- 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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If giving money to deadbeats really works than why not give millions to everybody? We’ll all be rich!
“Social scientists” are responsible for so many social problems – most that disincentivize independence and self sufficiency.
In the 40s there was a vibrant black community that was successfully displaced by ‘public housing’ and eventually Johnson’s Great Society, discouraging the black family unit.
Enough social engineering already!
Many nature lovers believe that feeding wild animals turns them into dependence on humans for survival. Would not the same rule apply to humans becoming dependent on other humans for their survival? The more FREE you get the more you want and the less you are willing to do. Keep up the good work democrats.