-- 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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The wolves are in the hunt. The BIG problem is the number of sheep to feed on is getting smaller by the day. The future will not be good when the wolves start killing each other to exist. The gravy train has stopped
Runnin.
Re Gates use of the word “ audacity “ in the CTU DEMANDS article, I wonder if she’s smart enough to know that the word, at it’s root, means an outrageous, ridiculous , arrogant bold attempt to get something undeservedly. Probably not.