-- 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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Boy is Collins dumb. She thinks the credit unions and banks will pick up the slack and lend to people with bad credit and no assets. I feel bad for the people that use these lenders out of a NEED. I don’t really feel bad for the people that use these lenders out of a WANT. So where do the people that really have no other option go to borrow money, the local loan shark? Does she think that capping interest rates will cause them to lower their rates? Nope, not a chance. Ever see a Payday lease, they all… Read more »
She has $100,000 in student loans and runs a small janitorial services company? The predator in this picture is the higher education establishment that convinced her to take out the loans to fund a worthless degree.