-- 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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Soon $8 million will buy all of Chicago, just pay the taxes and the property will be free. As it has no value any longer.
Gals,
Old Joe has got some free advice. Keep your legs crossed until he marries you. If he’s worth his salt you’ll be living in house without any help from Uncle Sugar.
Harsh words? Believe it or not this was de rigeur for the Greatest Generation.
This is DISCRIMINATION, pure and simple.
Any program that depends on an accident of birth like skin color or sex is discriminatory and should be stopped and clawed back.
Believe it or not, there are poor white people.
Who exactly will stop this? Over half the state believes this is morally right. The courts, all the way from the local court house to the supreme court, are as Democrat as can be. The federal government is completely in agreement with this discrimination, and in fact, encourages it. This new equity religion has taken over every aspect of law, culture and society. We are the dinosaurs, and the adherents to this new religion are looking to make us extinct.
Yup, we need to write about this.