-- 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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The water in the bowl that is Illinois holds the same political animal turds and voters complain about the stench.
They never flush.
Unpopular is a mild way to put it. If now people would look into the facts of each candidate, vote for the best qualified regardless of color and sex, then we could steer Chicago back on the right path
I wonder if there are any electable candidates in Chicago or Illinois who don’t have greed and corruption genes in them that guide all their decisions.