-- 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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Illinois has some of the best, most productive farm land in the entire world. Literally, in the entire world. Yet, Democrat policies encourage our residents and citizens to mooch off the government instead of providing a living for themselves working the land, just as all our ancestors did for hundreds of thousands of years on the other side of the globe. How did people ever eat and survive in the world before the EBT?