-- 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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They’re all looting the village.
You know the old saying “where there is smoke, there is fire”? Well, with this thieving scumbag criminal POS mayor it isn’t smoke that you smell, it is a 200 pound steaming pile of elephant $hit surrounded by a cesspool of toxic waste and topped off with an overdose of toxic perfume.
Love the description