-- 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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How can this be? Whatever the voters decide to do to their fellow citizens is holy writ. Don’t these people understand that?
Long talk at Thxgiving this year with relatives from north of the Cheddar Curtain. They too are considered their state is trending blue and power plays by the WI Supreme Court is going to destroy republican control of the legislature. Too many lefties in the Milwaukee/Madison area.
Not sure it is too many lefties there. More likely the voter rolls are stuffed with ineligible entries or fake names in Milwaukee, Madison and Green Bay after the $400 million of Zuckerberg bucks were shakily dumped in there during the 2020 presidential election. The voter registration roles need to be closely reviewed if people there want to save the state, in my opinion.
No one wants to live where there is a preponderance of lunacy. And that is all the so called “leaders” of Blue states offer up. Nonsensical policies and outright assaults on Constitutional rights will drive any rational person away!