-- 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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Wow, a CTU lawyer talking about a topsy-turvy state of the world. What a great example of irony.
The vermin of CTU need a pay cut and staff cut to start. Then total destruction of this pestilential disease and school vouchers for all parents.
Gates and Child ( how appropriate ) are getting worked up over being told no just like a, well, spoiled child.