-- 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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Aren’t these the same documents Banjo the Clown said he wouldn’t turnover to the feds ?
Tough talking Homie, like governor Butterworth, was quite adept at “ frontin “, but when the rubber hit the road and those precious federal funds began to slip away, he quietly and ( he hopes ) discreetly knuckled under. It was neither of their’s idea to jerk the rug out from under illegals re free medical care , bet on it.
Rut-row, does this article imply feds believe Streets & San hires non citizens or doesn’t check legal status when hiring? Intentionally or simply out of incompetence?