-- 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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These Liberals talk about “No Kings”, yet they complained after Nicholas Maduro was ousted from Venezuela. :-/
Why didn’t they protest is front of governor WIDE-LOAD’s mansion ? He’s the “king” of Illinois.
No kings unless you are an Illinois supreme court justice handing off your crown. Bernie hands it to china joe .China joe hands it off to kamala, chewy hands it to….. Im starting to see a pattern.