-- 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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Cancer tend to invade and spread to other areas similarly tumorous areas like Chicago Illinois, New York City NY and assorted California cities have invaded and spread into statewide politics and now seek new areas to attack. Catching and treating cancer early is the key to success before it spreads and while it is probably too late to eradicate it places like the contiguous Illinois hopefully it will be caught before it metastasizes to other states…Lord help us all.
Central Planning=Communism.
Why is it that so many here at Wirepoints are reluctant to use the proper terminology?
The Protecting the Right to Organize Act (PRO Act) is H.R. 842 in the 117th Congress. HR 842 infringes on State’s rights as authoritarian Central Planners want uniform nationwide union friendly rules. The PRO Act mandates workers must join the union that covers their job position. The union way is the only way under the proposed legislation. State’s rights and individual rights would suffer. Big Labor would get bigger. The union would have monopoly power over a covered union position. The law would apparently mandate that workers pay the local, state, regional, and national affiliates, if the union so desires… Read more »
Democraps are founding new Sodom and new Gomorrah, paving the way for a race war against whitey, and stealing wealth from anyone who has it. Wake up folks
Dems reason for living is to crush others and make sure they eternal power and money.
They do not care about anyone but themself. Case in point gov of Illinois, Duckworth, Kinzinger (while technically not a Dem but acts like one), Durbin, Lighthead, and many others.
Can you imagine such tripe from Democrats? They are a menace to the Constitution. Disgusting and revolting.
“At best, they are sore losers. At worst, they are power-mad authoritarians.” I vote for option B.