-- 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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And still CTA chief Dorval Carter keeps his high paying public service job. In fact, he gets a 33% raise to $350,000 / year plus his fat pension plan. I feel like I am in Bazarro world.
Hmm, what’s the definition of mass confusion?
What about stupidity.
And there IT (did I get your pronoun correct goon) is again; the establishment goon making his displeasure with the taxpaying public known.
I don’t think the CTA sees enough of the “tax paying” public to consider it a representative sample. They cater to the “tax eating” sector of the public.
JP AND BJ