-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
JB the Hutt on skis.
Suuuurrre.
Governor WIDE-LOAD seems appropriate
Wonder if Kimmel asked JB if he ever fixed the toilets in his unoccupied mansion.
Only the unpopular kids had to make up their own nicknames, because the other kids couldn’t be bothered and didn’t like them enough to take the time.
Next most likely he will be on the View as a guest or maybe a permanent host. Birds of a feather.