-- 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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That’s a new course that Old Joe never took. Gosh, I even missed “Just say no” too.
Hmm, could I be in need of remedial education?
Joe, grateful if you’d go easy on the number of joking comments you put up. Not that I don’t agree or like them, but we try to encourage serious discussions. When the number of flippant comments from any one person gets overwhelming, we do delete some.
Well, knowing the progressive Libs…
I hope this is a “do not use” education and not a “How To” Education.