-- 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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Marxists are not a business savvy group unless you pay them off. They usually don’t have a clue about business because they want the power of government to solve all problems. This difference in philosophy will kill a city like Chicago. I can only wonder how many Groot, Governor Flintstone, and now Conehead has driven out to different states, or cities. Pathetic and this is what the intelligent voter must want. Why argue? Left 3 years ago.
Just how pathetic is it that Johnson’s approach to governance suggests he would only support the revitalization efforts if they have his name on them. Just shows what a joke of a mayor the guy is. But I guess that arrogance and incompetence are a given with Chicago politicians, so no real surprise.
Hmm, the legacy of Larry Lightintheloafers. The death of the business district….