-- 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
To put it politely, Illinois and Chicago tend to mismanage taxpayer money.
And there is the Dem mantra in a nutshell “ More money without strings to continue our bs agendas resulting in needing.. more money!”
For God’s sake, don’t give him the money. He’ll just blow it, probably on illegals who are trans
Why would the Feds send money? The money would go to leftist programs, illegals, and Democratic pockets. The money would not go for police, public safety or education. Education is the key. An educated population would have more options other than committing crimes. But JB and the Democrats don’t want people with any other options other than being in debt to the government handouts.