-- 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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Ms. Duckworth distinguishes herself again with ‘misinformation.’
I had great hopes for her; they’ve all be dashed.
Leftists are incapable of understanding nuance, or consequences of choices. They just keep leaning on the “moral outrage” siren to drown out discussion.
Low information Duckworth is too stupid to know that even people who do the same job get paid differently — legally –based on:
— education
— training
— years of service
— managerial responsibilities
— job performance
— self-direction/initiative
— extra hours worked
— job skills
— intangibles