-- 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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Sorry Jennifer, but if you voted Democrat, you voted for this. Furthermore, and I could be wrong but I doubt it, your little passive aggresive statement about pinpointing when Chicago began to fracture and that you can make an educted guess, leads me to believe that you are going to blame this on Trump being elected in 2016.I could be wrong, but you didn’t have the courage to state what your “educated” guess was so until you state otherwise let’s go with the obvious. As far as blaming it on Trump, you are an absolute delusional moron if you do.… Read more »
You’re peeing into the wind. Democrats hate Jewish and Christian believers but not Islamic fundamentalists.
The best way to change this situation is to stop voting them into office.