-- 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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The articales photo says it all–look at all the empty cubicals!!, astounding. Why are no reporters or pols want to ask why all the state afscme hero’s are still supposedly working from home doing who knows what?
IDES, IDPH, CPS, executive branch, legislative branch of government. Not one of them has performed well in the last year. Nothing but incompetence, whining, finger pointing, blaming anyone or anything else but themselves. Go ahead libs, keep telling us how government will bring about “social justice” and save the planet. Just give them more money and power.
Add one thing extra they have been incompetent for years and years they just now got caught with there pants down shows there true colors.