-- 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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Hmmmm…
Mark:
You were and are right. We should try and hold a civil tongue when talking to and about this low-life scum but it is truly a challenge.
I suspect we will see more and more aldermen block her going forward. She can’t build consensus and couldn’t be further from a visionary. One term and she will be out…
She does not know what to do or how to handle things so the first thing out of her mouth is to blame others and to use unsuitable language.
It’s OK when she does it but not OK when others do it back. All people are created equal, but *equity* permits her to say FU to Trump where angry, overworked cops covered in rioters’ urine and feces cannot.
It’s a common attitude with this tyrant. It is no different then when she got her haircut when every salon in the city was closed.
Good grief! Who voted for this person!?!?!? Such a partisan hack.
Zero accountability. Lori, you are as much a disgrace to your office as JB is to his.