-- 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
Illinois sure knows how to dig waaay down into the sludge barrel for their government slime.
Kelly Cassidy you are a two faced individual, your me to movement along with the Springfield 19 is long gone now in Springfield you have just proven it by voting present.
Kelly Cassidy is the worst human being in the senate. She was the woman in the picture pumping her fists after the abortion bill passed. It was her legislation. She uses gender neutral language in the bill because, you know, a total of about 10 non-binary or trans people kill their children in the womb each year. Her twitter feed is a rant of anti-trump conspiracy theories, Moloch worship and degeneracy. Degenerates like her, with no shame, no self-awareness, and morally deficient, are attracted to the legislature because no sane person wants to be there in the bowels of satan… Read more »