-- 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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Before that is done, this country has many other places to spend the billions of dollars that these people need for its existing citizens and military. The existence of such organizations like Tunnel to Towers, Gary Sinise Foundation, Wounded Warrior Foundation and others…while wonderful efforts are a sad reminder of what our government DOES NOT do. The Billions of dollars wasted around the world for activities that do not benefit our country, the billions of dollars wasted on taking care of illegal immigrants is a crime. To have this ninny in Congress demand billions of dollars to be spent on… Read more »