-- 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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Mayor 6.6% must be jealous of him
I’m floored that Jelly Belly even has 47% approval rating even if only 752 people polled. What rock are these 355 people approving of this jamoke hiding under?
And? The disgruntled won’t do much besides piss and moan as the increasing taxes and Marxists continue unabated. If everyone supposedly R voted that way, IL would at least stand half a chance.
The Chicago the brain dead democratic fools will continue to pull the blue handle, especially all the CTU members, now newer police and fireman that can retire at 55 with full pay forever.
Hmmm…
Then I guess we can expect a (R) to be the next Governor…
Yeah I’m smoking hopium…