-- 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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Like a recurrence of gonorrhea, Rich Miller emerges from Pritzker’s fat folds to parrot more democrat press releases. It is difficult to understand how Miller makes a living beyond beyond a Democrat propaganda shill.
Hey this situation has promise. Imagine no legislation on tax hikes, assorted spending programs, no new woke initiatives and no new social engineering programs…I hope this becomes a habit.
Shut up Rich you stupid ignorant carnival barker spelunking for misery! Get that naysaying outta your mouth!
Surely there must be more bills to be passed about IVF, abortion, equity, saving the planet from mass extinction by warming and stopping the imminent threat to democracy, no?