-- 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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Ok. this is crystal clear now. First we have five phases with no logical distinction. Now we have bridges to phases. When do we get the walkways to the bridges. And then we get the ramps to the walkways to the bridges to the new phases. Anyone who has traveled recently to many other states, like South Carolina, Florida, Texas, Wisconsin or Indiana can tell you just how foolish Illinois looks. Folks in other states are just laughing at Illinois.
It’s always I think I think with this man he is absolutely clueless