-- 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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Prison staff say, “Here’s examples of bad stuff that’s happening – check it out.”
JB’s appointee/mouthpiece/shill responds, “No, that’s not true. We “track” all this stuff ourselves and it’s all good, and not only that, but everything else we’ve changed has also worked out just fine.”
“Even the stuff that you don’t know about because you never actually asked us to tell you.”
“That stuff’s all great too.”