-- 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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Years ago i had a neighboor who lost his home due to gambling addiction..how do you square your progressive agenda if your state treasurer frerich for example, advocating for socially responsible investing of state funds. While at the same time the states expanding taxation preying on the gambling addicted? If your a state pensioner do you any qualms knowing part of your gigantic pension deal’s coming from addicted gamblers?, or taxing seniors out of there homes in harvey? Or do you give a rats ass?