-- 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
Talk Radio show host Chris Plante, on WLS, has spent about 42 of the first 45 minutes of his show this morning railing on Chicago and Illinois. He’s just relentless…”another weekend in Chicago, because they’re Democrats, what else is there to say” and then he says more. Our Chicago and IL leadership has NO IDEA how much Chicago/IL is the Red State’s whipping boy. We are the laughing stock of the country. But JB thinks moloch worship is going to bring people back to our state. LOL
Have you noticed the governors almost obsession with abortion making Illinois the Midwest destination? Does he realize that all those aborted many of which will be future voters? Maybe he has a crystal ball and sees that many may be Republicans and does not want to take that chance. He may think he is Dr. Strange – correction (Gov. Strange) and has the time stone to tell the future. He is turning Illinois into modern day Sodom and Gomorrah. That did not turn out well for those inhabitants.