-- 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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Eff off beetlejuice
Lori is a typical affirmative action queen who blames everyone for the fact she is totally out of her league. She needs to resign immediately. Her idea is to buy members of the permanent victim class with more freebies to get re-elected.
Surprise, but, on the other hand, no surprise how low Communists sink to.
This woman and the one in Michigan need to take responsibility for their own words and actions.