-- 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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All remaining Sheriffs and States Attorney’s in the State of Intoxication should join Mendrick and the other brave county officials that are now standing up to J Beluga Pritzker (Emperor of all of Illinois and many distant lands!!)
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This whole governmental and small business bankruptcy scheme is being driven by a bunch of Financial Rats in Cook County (Chicago and some of its northern suburbs in particular).
A true American patriot!