-- 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
Chicago, the new Mogadishu
Let’s all pretend we don’t know !
Nuevo Caracas
Yup, or similar to the relations between the Eloi and the Morlocks in ‘The Time Machine’
You are assuming a fair and honest election.
Do you really think the people of Illinois voted in JB?
Do you really believe Chicagoans voted out Lori for someone even worse like Brandon?
I think not, these politicians were selected.
Yes and yes. The democrat voters are actually that stupid