-- 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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Who are they? They have stood for nothing. They have been “go along to get along” and “let’s work across the aisle”, with radical Marxists never “go along to along” or “work across the aisle”.
Here in IL & across the country, we are in desperate need of “Servant Leaders” & not what we have “Leaders of Servants”…
Unfortunately the political elites only pay lip service to their claim of being a “public servant”…
Too many are willing to sell their soul for the illusion of wealth, security & power…