-- 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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Come on stop it already this has been going on for years in Chicago.
David Brown KI, Known Idiot and historical cretin. Hmmm…David did you ever hear that phrase before?
“A battle for the hearts and souls of the people” was exactly how our political class described the Vietnam War. That was a losing battle too. In fact, Chicago is reminding me of the evening news from that time, when the daily body count was a regular segment, like reporting sports scores.
Some times the Nam body counts were not as high as what is being reported today.