-- 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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This should be a real cluster ……..!!!!
Just when you think Illinois Democrats have hit rock bottom, they manage to go even deeper. Even AI couldn’t predict any of this.
It all make sense when you realize Democrats live in a fantasy world of make believe where they try to construct their own reality, with little success.
Is this a Babylon Bee headline?
The blind leading the blind.
Let the fox guard the hen house, nothing to see here move along.