-- 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 has been writing their talking points–it must be a “comedian”
How do you suppose they decided on 2036? Well … it’s the 400th anniversary of King Christian of Denmark giving an order that all beggars who are able to work must be sent to Brinholmen to build ships or to work as galley rowers. It gives those of us who approve of poverty (or who are IN poverty) 16 years before moving back to Illinois. Or it gives the Commission members 16 years to move out. At least one child starting kindergarten in Chicago Public Schools this year is likely to graduate from Princeton in 2036. He or she will… Read more »
Lol
Why don’t they just pass a law making poverty illegal?
Perfect response!
heyjude,
oh but my favorite part is when fat boy said this: “Ultimately, I think employment is the key tool for helping families get out of and stay out of poverty,”
ha ha ha ha ha ha ha.
These people are f#$&@ crazy.
As Matthew 26:11 says, “You will always have the poor among you…”
To even try to eliminate poverty, while laudable, is totally unrealistic, impractical and farcical.
How do they spew this stuff with a straight face? See War on Poverty since 1964. But THIS time will be different, this generation of liberals really does have all the answers. After all, they are woke.
Same as war on drugs. War on guns. Government is the biggest pusher of guns and drugs on the planet.