-- 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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Money is speech. So many people always trying to stifle free speech and show their hatred for our constitution.
The public unions have bought the politicians and the taxpayers have to pay for it. Speech may be free, and talk is cheap.
What goes on in Taxistan between corrupt Dem pols and their masters da Illinois public sector unions is basically a circle j_rk;
EVERBODY tries to buy our politicians. And they are very successful. SICKENING!
I’m not shocked, are you?