-- 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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What about the “president”? Twice he has taken over national TV letting everyone know how bad the DTS is in the Dem Party and fueling more hatred. And Durbin will be right there on stage for a photo op when the ghost of Obama comes through town, along with the cackling Kamala. It will be all about the other party, because they don’t have a leg to stand on when it comes to policy issues. All diversion.
Perhaps he should address this topic with his good friend, Chuck Shumer.
Now Dick thinks the rhetoric is too much. It’s been non stop rhetoric since Trump was elected, and two years after he left office it is still non stop. Look in the mirror Dick. That’s where you’ll find the person to blame.