-- 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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You mean when you promote infanticide as a right of passage for young women, promote sexual promiscuity, sexual perversion, societal degeneration ad claim that illegal aliens are the equal of natural born citizens that it might result in a affront to conventional morality in the form of a lack of values – no, say it isn’t so. Rahm is a genius.
You reap what you sow. I have no sympathy for anyone in Chicago.