-- 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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Doubling down on stupid, as progressives always do. Saw some progressive in line at the grocery store yesterday with his ‘vegan’ meat and reusable bags. The cashier was like “you can’t use those anymore” so they gave him plastic bags, and he put the plastic bags into his reusable bags, likely shedding virus in the air for every one to breath. Can’t fix stupid and you can’t fix progressive.
I moved 500 miles from the stinking dumpster fire called illinois.To a southern state in 2018.Best move we ever made.To stay in illinois is to make a stand for nothing!You that stay in illinois have to know you are so abused you can not feel in any more.You stay and pay for all the inmate summer cook outs for the inmates and there family’s.You pay the large sums the state pays for the ones who will not work,and they all vote DEM.So, keep that way of thinking that you will stick it out,and give them the worth of your home… Read more »
Im out as soon as i can. The corruption of this state reeks to high heaven.