-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Chuy Garcia is 67 years old. He’s collecting social secuity. He’s been in public office since he was first elected to city council in 1985. That was 39 years ago. He’s been in office since he was 28 years old. He was rumored to be involved as the ‘unnamed congressman’ in the ComEd scandal, although he wasn’t charged. Yet he won his last congressional seat 68 to 28. Why does the Democrat Party protect lifelong scumbag Democrats like this?
Chuy another cog of the Preckwinkle/ Durbin/ Ducksworth/ Raoul/ Pritzger canal.
SAME REASON THEY PROTECT OBIDEN
May I ask you to be considerate of others and please stop spamming every article with all-caps comments? Thank you.
BITE ME
Hasta la vista, Chris.
YOU CAN BITE ME TOO