-- 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’m gonna bet their customers are over represented.
I landed on ABC 7 news last night just long enough to hear perpetual equity champion Cheryl Burton drone on about this issue. If they piped in the sound of her voice over the sound system in the Kremlin, Putin would end the war. An epic waste of space.
This can only mean the governor is a white supremacist