-- 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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We will buy more chalk to outline bodies on the street.
We will reduce the police department and deny a crime rise.
We will ignore criminal behavior and let thugs run wild.
We will try to destroy every neighborhood with public housing
We will keep handing out free money to undeserving people
We will continue to be politically corrupt.
We will act like dictators and attack conservatives
We will continue to drive Chicago into a dystopian future
We will……They will
Aka “A Blueprint for Disaster”…
The best plan is to take your family away from this Schmitt hole. Start a new life in a new state. Illinois and Chitty of Chicago are broken, flat a$$ busted. Do not have the change of a nickel and taxes are going to go MUCH higher. Pension time bomb is exploding. The chickens have come home to roost. PPF and the likes of him have taken all the money.
The state bringing in $50 billion dollars per year begs to differ. If they want more they can always increase taxes. As the Chicago Civic Committee showed, plenty more taxes that should and could be raised.
When will you take your own advice PT? You’re never going to move out are you. You should just start sending your money directly to me through Venmo. I think you’ll be buying me Pappy Van Winkle 20 and a prime dry aged ribeye tonight. Life is good baby!
While enjoying the warmth of Punta Gorda, Florida as well?
A ten year plan is another great idea copied from the Soviets