-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
1,000 years of criminal law is being up ended by legal scholars like Kim Foxx, with her 143 LSAT score, and law degree from a 3rd Tier Toilet of a law school. She’s so ignorant she thinks she knows better than Learned Hand. She’s so stupid she thinks Blackacre was a racist plantation. She’s so moronic she thinks my legs literally mean her legs. America is such a great place, ain’t it?