-- Connecting the dots between our economy, government and business --
Interview starts at 23:35
https://omny.fm/shows/the-steve-cortes-show/the-steve-cortes-show-04-30-2020
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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Prescription no longer be an office we should try to get him out he’s a tyrant let’s Soum the full extent of the law you could ask for a lousy representative he only cares about the public sector no knowledge of a private text her or life itself little golden spoon boy
I wish this would happen. The regular ordinary citizen needs to go about their life.