-- 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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This might be funny if it weren’t so terribly tragic. The functionality of our leadership is very disappointing, all the way from alder-creature to D.C.. JB is no leader, nor an intellect. We deserve better. One must hold voters partly responsible for being so lax, ill-informed and single issue oriented. Can the media stop glorifying hoodies who play with guns?
Children who are not out shooting at cars at 2:30 AM deserve to be safe.
… and every bulimic buffoon deserves to have inane observations repeated in the media.