-- 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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They are ready for eyes of the world they just don’t care about ILL citizens…….keep voting dem-wad
I predict the convention is going to be such a security, riot and law enforcement disaster that Larry is going to get fired by the end of August. I don’t think he has a clue about the tornado coming up his shorts and how he is being set up to take the fall.
The Hamas Terrorist lovers destruction in DC on Wednesday and the media suppression of that story is a preview of the DNC here in Chicago.