-- 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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Stay out of it, let the Bears fix their own mess. The Bears are looking to swindle the suburban hicks. They talk big and ptoduce very little. Jay Cutler is a perfect example always has many weak excuses. Put a new coat of paint somewhere and the Bears will a
nnounce a historic settlement has been reached in the spirit of cooperation.