-- 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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Election consulting fees are not nearly as interesting as the All for Justice debacle.
Rich Miller crawls back out from under his rock to protect Illinois corrupt Democrats. Business as usual for this hack. Rudderless ever since his puppetmaster Mike Madigan has been indicted, Miller desparately is seeking another Democrat to pay him to write Pravda Democrat propaganda. Slither back into your snake hole Miller…..