-- 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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Note, In the Illinois Concealed Carry Act it is a violation of the Act to wear a mask while carrying a firearm and a person could be arrested, charged and lose their CCL. Maybe not of interest to all but maybe some, I dont care. Turning law abiding citizens into criminals is the Democrats forte.
The requirement to wear face masks will end when someone commits a robbery or some other horrific crime wearing a State mandated mask. Bank on it.