-- 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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Tsk Tsk!! No! No!No! Must not point out the obvious. Then the Almighty! This is a Federal level investigation! Worthless Blowhard. Guys got water in his shoes! Federal Level! LoL More like a Dbag level dog and pony. Senior senator and known moron. Known for holding up a wet finger, the cold side should be behind you.
The truth hurts, doesn’t it Dick? He is a big part of the problem and 0% of the solution. Take a walk already you worthless waste of space.