-- 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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Well, I don’t think Biden should waste the effort helping Chicago. No matter what IL will go for the dems, so why waste political good will with other states who do not want to give IL a free ride.
More likely, but still very unlikely… Let’s put the big kid pants on and get the costs under control.
Get the Facts Straight!
BIDEN IS NOT THE PRESIDENT ELECT!
THE MEDIA DOES NOT HAVE THE AUTHORITY to declare a winner!
The GSA declares the winner!
The GSA has not declared a Winner!
The Trump transition will be wondrous to behold. Pompeo, you are the greatest, right next to Teflon Don.