-- 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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The corruption has gotten worse it seems, with enforcement being much less. The way rank and file public employees violate ethics and steal as though ‘no big deal’ – never seen that anywhere before.
Corruption in Sheeetcago is a cancer that is killing da host.
Maybe we need some re-education camps for a majority of the Dems pols in Sheeetcago?!
Plenty of land down in central Illinois!!