-- 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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Do Nothing Dick Durbin shows once again that he adds no value whatsoever, no matter the issue at hand. Voted least likely to succeed by his classmates, he has exceeded their wildest expectations, and produced even less than expected, which was zero. Seriously Dick, just fade away with your ill gotten gains after a lifetime of fleecing taxpayers. As for WGN, they’ve become nothing more than a liberal propaganda outlet. Nice to see the negative comments on this video. Just stop watching local media stations and drive them out of business.
Of course our good senator doesn’t want to mention any of the Dem’s justices’ issues– like Sotomayor’s book deals for example. And no one bothers to ask him how much his wife Loretta has made as a lobbyist in Illinois and Washington for decades while he has been in office. Ethics for them– but not for me.