-- 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
Has anyone EVER heard an IL Democrat talk about stewardship!? I certainly never have. The public union and thus Democrat viewpoint is one of superiority and entitlement. Thus us rubes, mouthbreathers, knuckledraggers, deadenders, and carnival barkers need to shut up and get to work paying their ever higher, and higher taxes. Don’t have the money for higher taxes? Then get a second job or go without – Democrats have their spending priorities to maintain.
“ Enough?” asked the Dems with their snouts fully submerged in the tax dollars trough, “we don’t know the meaning of that word! We do know what more means, though!” they unanimously explained.
Other than buses to the border or transportation into ICE hands is too much for Illegals.
NGO’s also need to go…