-- 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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Ah yes. Raja the lefty activist, elected during the Marxist revolution of 2008, when the seas were supposed to recede or something like that. Like Obama, Raja is basically an empty vessel into which DNC leftist activists pour many of history’s bad ideas for him to regurgitate, much to the delight of the wine-soaked AWFL’s of the Northwest burbs. There simply isn’t a dumb idea that Raja won’t embrace. We probably aren’t supposed to point out that Raja is a complete leftist tool, because the buzzed AWFL’s will take to the internet to denounce any criticism, no matter how well… Read more »