-- 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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Was this professional grifter dropped on his pointy little head as a baby? He seriously makes no sense whatsoever. He should seek help for what appears to be significant mental health issues. Prayers up!
With that statement, if there is violence (which of course there will be), you can bet that pinhead here will blame white-supremist organizations and racists for starting the trouble. It hasn’t even started yet and he is already getting set to aim blame. Useless.
“They have not accepted the results of the Civil War” wow what a racist statement from a black mayor.