-- 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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Not re-election, re-purchase is more like it.
Will he be making the announcement from Genos as he gorges on another XL stuffed pizza pie?!!
Just remember after Big Boy gets swept into office again, that he’ll find time to make a laughable, failed run for president ( barring competition from the “ Tiny Dancer “ ) instead of doing his job.
I sure the F**K am not voting for him or any democrat. Straight Republican or qualified Independent. I know my votes probably won’t win anybody a seat but it’s giving the finger to the thieves in there now
Eagerly anticipated by SEIU, IEA, and thieving political animals all over Illinois.
JB the Hutt wins, the taxpayers lose. Every time.
Another election to have your voice heard Illinois voters. Just kidding. We know that voters can’t be expected to choose differently. Hopefully after JB wins the next election he will finally start behaving like all the commenters here want. I mean voters shouldn’t have to vote differently just to get a different candidate.
Isn’t it amazingly sad that we joke about how we already know, the criminals will win.
Yeah, we really are a bunch of dumb clucks for expecting our elected officials to behave and perform as promised while on the campaign trail. In a gerrymandered state where cases against them can only be brought in two Dem friendly counties, the dead vote early and often and ruinous legislation is passed at 2:59 am to beat a deadline, it really is our fault for not going to Springrad and having a “peaceful protest” that would make 1/6 look like a child’s tea party.