-- 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
Duckworth seems to enjoy blowing smoke up her and everyone else’s rear end.
It’s nice that Tammy is interested in the Rockford area for a change now that this “green” project is seeking public subsidy. I wonder how much stock she has in the company?
Tammy, no such thing as “clean energy”. Electricity is a manmade energy. It must be created, via combustion or nuclear process. Those EV vehicles still need electricity, which still requires fossil fuel or nuclear generation to create. Tammy is not bright.
Another one that goes along to keep their job!!!
No, Tammy is definitely not too bright. Tammy and Dickie are two very dim bulbs.
Both are stupid pos.