-- 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 fat man is a pandering jackass, focused on his next move. He doesn’t give a rodents-rear about the people of Illinois. His friggin statement about “if you come for the people of Illinois, you’ll have to go through me”…what a moron. This deportation effort isn’t focused on the legal residents of Illinois and the United States…Back off fat man and let them do their job of cleaning up what Biden and Harris and that moron Mayorkas caused.