-- 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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Russ Stewart’s great!! Especially if you live on nw side, he gives you all the machine down & dirty.
The Republicans took the superhighway to being inconsequential in Illinois when they doubled down on Dirty Don, IMHO. They could have taken the path of Integrity, which would have put them in direct opposition to the Illinois Democratic Machine.
Your Trump Derangement Syndrome is showing if you think that a daughter showering, nanny seducing and marrying, pedophilia hair sniffing, chinese bribed, crackhead son, senile grifting head of a conspiring crime family is “the path of integrity”. Come on man!!
GREAT DESCRIPTION!