-- 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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Jb is the one that put us under seige. Such a crook he is.
Fat boy has no idea what Midwestern values are.
JB just worried that Il population will decrease after deportation
True. Our Midwestern values are under siege… ByJB himself.
JB just making stuff up again. He needs to be fact checked regularly.
“Our Midwestern values are under siege.”
Not even close, JB the Hutt. More like:
“California insanity is under siege.”