-- 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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More communist laws to come. Individual’s 1st Amendments rights will be next. Governor and lawmakers have to make the communist Gotion comrades feel at home. I wonder when the road blocks to get out of Illinois are coming.
“Individual’s 1st Amendment rights will be next” – don’t worry the federal government will continue their assault on those.
Your living in the progressive fascist state of Illinois….get in line or get out!!
When I go to the grocery store and see empty shelves I say to myself this is how it starts.