-- 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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And—Not one word from the Rev. Al Sharpton until some white cop kills a black honor student gang member then he crawls out from under the cabinets.
I thought the gun control bills were supposed to stop this senseless violence in the inner-city! Right? Right? Rep. Bob Moron, I mean Morgan, you there? Do you have anything to say in response to 73 people shot in Chicago? Paging Rep. Bob Moron!!