-- 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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Hmmmm…..maybe it’s just me. Does anyone else have a problem with Alderman selling machine guns? Lori?
Damn those white supremacists!
Kimmie’s people are just getting warmed up. In spite of a slow start on senseless murders this year, they will try to beat last year’s effort.
What a joke. At least old Mayor Daley new how to handle the non-mafia criminals. Shitcago, Leftist wet dream utopia! 100 years of failed democrap and leftist policies.