-- 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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“We could take some compassion and not have that child born in prison – or not have that child separated from the parent,” said Rep. Kelly Cassidy, D-Chicago.
Rep Baby Killer is everywhere these days. She cares more about mothers than their unborn children, she cares more about weed smokers than the addicts and she cares more about criminals than the victims. She’s sick and hopefully the people in her district see the light and vote her out of office. Then she can return to dog grooming or whatever she did before becoming elected.