-- 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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“If the apple goes bad, eat it anyway!”- motto of JBP
There are plenty of “bad apples” already in Chicago JB. We read about them every day. He’s such a sanctimonious bag of wind.
You mean JB is admitting antifa or blm are bad apples? Not going to sit around just singing kumbaya?
I doubt he is admitting that, it will of course be MAGA folks or other right wing peoples.