-- 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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I propose that the mayor and city council get an annual decrease in salary tied to the inflation rate numbers with no bottom whatsoever. Whatever the change, up or down, their salary goes down. When they drop below zero and begin to pay the taxpayers money every pay day, then, and only then, will we begin to get our moneys worth from them. I furthermore propose that ALL government pensions of elected officials in Illinois be reduced in a similar manner. Think about it. If it works here we can take it on the road to DC and these @$$holes… Read more »
Lori desperately needs the extra money, she’s in deep with her bookie. She insists on betting on herself.
Tone deaf Lightfoot never misses a chance to embarrass herself with her clueless stumble-fuckery.
Not only do they want the lint from taxpayers pockets they want the pockets as well. Greedy basturds.
They would stoop so low they also want our belly button lint. And probably also the belly button.
Don’t forget the lint between your toes also