-- 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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The good component of the Illinois work force is planning to move or moving on to other states or just hanging on till they get their retirement.. Many of the ones that are left are the woke lunatics you wouldn’t want to hire.
Was this article written in crayons after smoking weed? There’s no data to support the conclusion that the Chicago labor force is “better”, it’s just his “observations”. It is absolutely laughable. This is 100% propaganda, and the simplest of minds will see right through it.
You’re right because if the labor force was more intelligent and on the ball they would not vote in the politicians that they do.
The writer of this article is snorting Bath Salts.
heheheh it’s cope!
Not ‘cope,’ it’s the latest Obama-era hopium.