-- 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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The votes are not there or the required support there to get this over the line. No politician wants to put there name to this. The Governor’s authority is ebbing away. Custer’s last stand.
I said it before and say it again – when the dust settles and the postmortem begin, there is trouble ahead for our political leaders. I absolutely believe someday, someway, something will end up in the highest court in the federal judiciary of the United States of America – The Supreme Court.
God Bless America
Seems like the 5lb box is getting tight for his 10lbs of refuse… He honestly doesn’t think he has a political career beyond his failure as governor, does he? Yeah, likely he does… He isn’t smart enough to perceive the reality of his situation. #BornAStepFromHomePlate