-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Put them 200 yards offshore of chigago beaches. That way everyone can share in their beauty. We share so little with the residents of the city. And it might cut down on the darned sea gull population.
What a load of schite. This eyesore should be right off the Gold Coast and Winnetka. Evanston would welcome it.
Windmills, unless they interfere with a politicians view
Green Grifter And Grafters Are Tilting At Climate Fraud Windmills.
The Windy Chitty.