-- 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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Willie Tyler has an iconic and ironic name: Willie Tyler (ventriloquist) and Lester (puppet). 😄🔔
Yea, Lori’s hoping it makes a difference! Wink wink. She setting a dangerous precedent. The alderman are excited, the gloves are coming off! Doyle Lonegren!
C’mon Man! Many of these cards will be sold by lucky winners at a discount for cold hard cash or simply taken away by the boyfriend/baby daddy . The same scam used for food stamps and EBT cards.