-- 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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Because Lard boy is so up on knowledge about the “science’.
More spewing from the Blue Whale’s blow hole. Can we be done with him already!
As much as I can’t stand this guy, he is correct. We are not as shut down as NY or CA or other awful authoritarian D states; but we are certainly less free than virtually all our midwestern neighbors. We are probably somewhere in the middle.