-- 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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Wow! A vehicle break in at a gathering of the elites! Call the IL National Guard! Too bad the criminals they enabled do that and far worse to citizens every minute of every hour every day and have to wait hours for the defunded police to show up and gather data.
Aren’t these the same people who want to disarm lawful abiding residents in Illinois who have a God given right to protect themselves and their families. If their Gun Laws work (as they claim) they should not need more protection.
Again….. they are only worried about their security not yours or mine!