-- 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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Democrap transparency
The Democrats are transparent alright. Rational people can see right through them like glass.
Screw the Illinois democrats!
Worst state to live in! Left last year saving close to $12,000 already!@. HAHA
Left 4 years ago. Saved over 28k on real estate taxes alone. Gas $2.79. Avg electric bill is $70. My home has actually appreciated. Every county in Oklahoma voted for trump in the last two elections. The most based state in the so called union.