-- 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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Kwame told us what ‘the work of his life’ was in his insipid ads. It wasn’t to prosecute corrupt politicians or keep the thugs off the street. Naah. The work of Kwame’s life is to protect those two groups, clothing it the tattered and torn cloak of racism.
Kwme is Kim’s (as in Foxx) brother in fecklessness.
Blah, blah, blah, racist. Blah, blah, blah, racist. Blah, blah, blah, racist. Get it?
WOW, just give them a ticket, that will make them study harder.