-- 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 think this is a good development. He’s on the other side of the world and maybe can do a lot less damage to the country from there. But if the Chinese invade Taiwan and the Japanese are looking for a strong American voice to help them face that threat, they will have to deal with his two (or more) faces.
Do you suppose that he will accept amnesty and become a citizen of Nippon?
I wonder if the Goniff will tone it down screaming and cursing!
Dear Japanese citizens, keep your hands in pockets because carpetbagger Emmanuel will try to pick them.
Like most things associated with Rahm, this deal was done in the middle of the night, during a busy time when people are least likely to pay attention or notice. It’s how it’s always been done with this snake. Go ahead and slither off to Japan ballerina.
Yeah, but which Japanese citizen gets the first dead fish in the mail?
He got that lesson from Richie, a little midnight landscaping at Meigs. Huh? Somebody was shot? First I heard of it!