-- 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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Access to all except reporters, when they approached he did his best sheriff Bart
Imitation, he does his best impersonation
Of Jessie Owen’s.
Feet don’t fail me now.
More like Firm Foundation in Quicksand.
This ‘firm foundation’ is more akin to the girdle that Ma Kettle wore, lol…!!!
In Mayor Raggedy speak, root cause = I have no idea what to do. Hope this helps.