-- 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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If Hypocrisy was a person , it would be round boy Porkulus Maximus. He and his fellow democrats have done more damage to the social structure and safety of our state than anyone else ever has.
“Illinois state Rep. Justin Slaughter … sponsored the state’s SAFE-T Act …”
He is aptly named, unlike his bill.
I hope the feds cut EVERYTHING to the state.
I saw the footage of the PR presentation where the liars got another liar from Northwestern to extoll the virtues of the violence interrupter scam . All these people do is p—s down our backs and tell us it’s raining. Or blame Trump, disinvestment and Richard Nixon.