-- 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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Axlerod, to me, is a portrait of what is wrong in America.
Dave is shocked, shocked!
But he’s so deep in the swamp only his bald spot is showing.
Crocodile tears from a paid fixer.
“You’ll have people there – in Pennsylvania, the governor who appoints the Secretary of State who administers the election. So this has the potential to be a disaster if it goes wrong. As I said at the beginning, it may seem smart today. It may seem tragically wrong in November.”
They don’t care about Democracy. That’s the last thing they care about.
They care about who administers the election (counts the votes). Just like Stalin.