-- 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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My opinion, Madigan has/or will receive an unconditional pardon from the dimwit in diapers, all this time and money wasted trying to prosecute this individual, absolutely sickening how low this administration and Democratics will stoop to destroy America and Trump, I hope there will be extreme accountability to all involved in the destruction of America
Translation:” I hope the full story of the deal I cooked up with Blago regarding Obama’s vacant seat never sees the light of day.”- JB.