-- 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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Resist this clown!
The goal is to keep the populace turned on one another to prevent them from aiming theirs guns in direction of those truly making their lives miserable.
Gov. Jumbo gets away with this because no Democrat state rep or state senator wants to be associated with this power grab. They are hoping the voters forget all this when the next election rolls around. Most voters will, and the Democratic party’s bread and butter voters in Chicago and East St. Louis don’t even know what has been happening.
Just one question, when is this childish shit going to stop, speak up people the sheep hearder is long gone.