-- 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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The impact? Attract tourist to the Shrine of Obama. Naive visitors arrive. Local predators see fresh blood. Nice cars, fancy clothes, bulging wallets, fine jewelry. Dangle blood dripping meat in shark infested water and see what happens. The results will be similar at the Shrine.
What ever happened with the noose?
The light fixture with a pull cord to turn it on and off was removed.