-- 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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Did you see the so-called progressives grimace at the mention of the phrase “white male CEO”?
File next to BLM millionaires.
Thank you for this article. It only demonstrates how far too many in corporate America will prostitute (no offense to prostitutes) themselves for money and to be able to sip wine with the Manhatten to Malibu wine sippers.
How dare you besmirch the good name of prostitutes!