-- 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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Wouldn’t you think that The DUCK would make sure she was correct about this little thing? I can see The DICK being wrong, but she should know better. Spreading more BS as usual.
Dimworth, like Durbin and other assorted Dems, had adopted the policy of hiding in her hole, collecting a nice paycheck and popping up every so often to say or do something incredibly stupid.
Is Ms. Duckworth a product of CPS? As former military it’s surprising she isn’t more sensitive to stolen valor. But, then again, she is a politician.
Asking for a friend.
Tammy would never let the facts get in the way of a good story.