-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
While Illinois children are being taught to be stupid, particularly those trapped in the states public school systems, the mere fact that other states are teaching History and Civics does not mean that their children are any better off. Take a look at what passes for a History or Civics text book today and you may find the content quite shocking. These kids are being taught to hate; hate America, hate the police and most significantly hate white people in general. This teaching of hatred is not limited to just the crap that they see on television but also the… Read more »