-- 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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When you go to the beach or to public parks, why are there signs imploring the reader to refrain from feeding the wildlife?
Oprah tried about 20 years ago well documented. Oprah took 100 families from the south side and for one year gave them
Money, food, shelter, transportation and
Professional services. Not one family stayed
With the project.
Nuff said!
What happens when you give people free money with no strings attached? You mean like the $5 trillion spent on the fake virus hysteria? At least lazy people don’t go out and terrorize the community.