-- 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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Great use of the overwhelming power of state government. Hairdos and braids are much more important than test scores, dropout rates and teen criminality. At least the young people will look cool when they can’t read or write, can’t get a job and get their faces in a mug shot.
JB got real worked up about black hair discrimination, but not nearly as upset over a murdered police officer and one severely wounded. This tells you everything you need to know about the man.
This headline shows how pathetic governance in IL has become. They pass legislation about hair, and use the word landmark to describe it. MLK must be turning in his grave.
That’s a sign of great leadership, not.
Good point. He should instead redirect his focus on signing landmark legislation to stop abusing IL residents with ridiculously high and ever-increasing taxes and user fees.
He’d then be a favored governor for 90 percent of IL residents instead of 10 percent. What a wonderful place IL would then be in which to live!