-- 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
Miller is a despicably lying sack of s**t.
Rich Miller crawls from under his rock and spews leftist Democrat narrative. Rinse. Lather. Repeat. Miller’s propaganda career in a nutshell.
Looks like Richie vainly trolls wirepoints, Didn’t like that comment and downvoted it.
Who are the 48% who think it’s on the right track? What kind of crazy person surveys the destroyed landscape and says, “Yes, this looks great. I want more!”
A progressive communist does that.
Cook/County/Chicago democrap sheep voters do.
Look at the number of residents leaving IL because of taxes, crime, corruption, etc. They left because they thought IL was hopelessly on the wrong track. Those staying are in a dream world of believing IL is in good shape. They don’t believe in the opportunities of other states. That’s good news?