-- 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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mostly tired of financing the public-employee parasites
“Families and young people moving to the U.S. from places such as the Dominican Republic, China, Mexico, and Vietnam enrich their new neighborhood’s culture, provide necessary labor—both “high skill,” like engineering, and “low skill,” like home health assistance—and generate a disproportionate share of new businesses.”
Evidence please…all these bold assertions of opinion disguised as fact….this is why I hate journalists…
There are no longer journalists….only activists pretending to be journalists. That is crux of problem with the polarization of our country today. Objective views on both sides are gone. Trump is just a manifestation of “half the public” sick and tired of being told by media what is right and wrong has nothing to do with what trump tweets or says.