-- 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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More importantly, how can I get funding for the I Hate Chicago Club? We need money for T-shirts and signs. Also, we will need lunch money for when we take a break from protesting. Then there’s the I Hate Chicago stickers and buttons we want to pass out…
Martire, eh? “Leans left” is an understatement. Such a racket that guy has carved out for himself.
Johnson isn’t interested in efficiency. Efficiency has no block of constituents key to him winning a primary.