-- 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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Here’s Kevin!
So if you just put in “Kevin” that’s the voters intent? What if they are hungry and put in Kevin Bacon or spell it wrong like Kelvin or Kevlar? What about Agent K from Men in Black? Soon just leaving it blank will also count the vote to Kevin.
How about filling in the oval and writing “ None of the above incompetents”? Let’s see who ( or what) slithers into office then.