-- 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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Looked today to see if I can stream the legislature in springfield and see The Pin Head make his pitch for the rest of the state to provide $1B to Chicago for their graft, corruption and give-aways. I was able to find the link and see today’s proceedings in Springfield. But, alas, all of the Pin Heads’ Meetings with legislators were behind closed doors. No one gets to know what they discussed. Apparently, now we don’t get to know anything about this till the end of this legislative session at the end of May. So, because of the typical secrecy,… Read more »
I like these guys attitude and what they say. Hoping there is enough support for this point of view to protect the tax payer from Billion Dollar Brandon – aka The Pin Head.
Get ready for Six Percent to pull the racism card against all of those downstate rednecks that “ have it in “ for him and the sinking ship known as CHI because they’re sick of seeing an inordinate amount of tax money being wasted there.