-- 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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A quick question: Does the phrase “ Israel’s right to exist “ appear anywhere? in the resolution. That, to me, would seem to be square one.
Maybe you should just look at the linked resolution instead of wasting everybody’s time.
Clicked all links and found that point of contention, the biggest one insofar as Palestinians and Hamas are concerned, wasn’t mentioned. Therefore the resolution, while well intentioned, is rather hollow, which was my apparently missed point.
Susan Buchanan, wow! She’s the trustee who lost her mind during a board meeting discussion of the village diversity statement, a subject already hijacked by a nut job far left trustee and her pissed off pals. Buchanan pointed angrily at the white males on the board and told each one by one “shut up, you are a white male, you don’t know what a system of oppression is”. When she got to the Mayor she said “and your skin is light enough”. The mayor was born & raised in…..Gaza!