-- 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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Things like this create dire economic situations. That does not matter to Lori who apparently did not pay attention to the tax hike defeat and is perhaps focusing on Biden’s winning the Presidency so that G=Chicago can get a Federal bailout. There is a flaw in her logic though because at the moment Alaska’s results are in and now the Senatorial balance is at 50-50 meaning if on Republican Senatorial candidate wins the Country has a considerable chance at gridlock meaning Lori, quit taking chances at the economic viability of your municipality and the people within it.
Idiots all around. Incompetence all around. Corruption all around. Stop listening to these morons.
Based on the budget disasters of Chicago and Illinois – and the failed bank of Pritzer in particular – it is clear these people are incapable of effectively assessing risk. I wouldn’t take their financial advice, I certainly won’t be taking their health advice.
Can’t take her seriously after her halloween get up.
It wasn’t a costume, mentally ill Groot really thinks she is a superhero
Suck it Lori. Im traveling all I want and where I want. You have no legal or scientific standing.
We’re all gonna die if we travel, stay home, listen to Lori & gang, don’t question, pay taxes!