-- 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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Wow, he’s gone soft in the head! Nobody saw that coming! I bet we hear a lot of that in the coming days! I was just following orders. I don’t know who gave the orders. A Democratic stampede for shade.
I wonder if Mr. Kass gave any thought to his bigoted use of God’s name (from the Christian POV) as a pejorative in his headline. Would he have used Mohamed in such a fashion? One imagines not.
Under Sharia law, this Daley infidel would have met his fate within weeks of being accused…