-- 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
Their sworn duty is to uphold the Constitution, not an illegal law.
That’s so fundamental, and so sickening to see that being forgotten.
I wonder if Tom Weitzel wrote an opinion piece about Illinois not upholding federal immigration law or laws that States must cooperate with ICE (which Illinois dos not)? Also wonder if he wrote a piece criticizing federal law enforcement agencies for not staying out of the political fray in regards to the Russian collusion false narrative? Of course the Sun Times is happy to publish this rubbish. A useless political rag.