-- 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
Come on, who are you going to believe-your eyes, ears and brain or your masters? Would your masters lie to you, knowing how much they respect you? You have not heard a 100 different stories about crime in your neighborhood. You are imagining that. ignore what your brain tells you and fall in line with your master’s thinking. He knows what’s best for someone like you and he’s looking out for your best interests. Be the good little slave that you love being.