-- 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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Maybe it would help if they cracked down on the animals who steal the mail, thats why there are poor delivery rates, who in their right mind would want to work and deliver to certain areas in Illinois? That would be like delivering mail in Haiti lol hilarious to watch the stupidity of these people who call themselves representatives lol Hey Rep. Nikki Budzinkski kind of sounds like a communist doesn’t it, you should go deliver the mail to the hood and see how long you last, moron! hahaha just wait till your pension system goes bankrupt, will be hilarious… Read more »