-- 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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I wonder if Lori will comment about hammer attacks. Nice city you mismanage Lori.
Once they’ve each had two shots, they’re good to go, released back into the community, but must keep their masks on in public. What a joke we have become, but it’s not a laughing matter anymore.
Also, Hey State Department! Nice job sticking it to Japan. Ambassador Rahm Emanuel, The Little Goniff. Rahm and his brother Ari plan to steal everything and bankrupt Japan.
It’s just another mostly peaceful weekend. Lori response is Oh Well we must do better. Tsk tsk! Whatever!
Meanwhile gun offenders are being sent to the newly established Restorative Justice Community Court where restorative justice conferences and peace circles will be used to resolve criminal conduct. I kid you not.
My initial reaction was, hey that’s pretty good. That just shows how far the bar has fallen.