-- Connecting the dots between our economy, government and business --
The president and Illinois governor have had a tense relationship their entire political careers.
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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Wouldn’t it be amazing to have the financial power of JumboJB and actually have a brain to do good with that power and resource. The brain part, caring for fellow man, commitment to service, maturity, common sense, etc., come from a place that Jumbo has never seen. He has no idea how the majority of the citizens of Illinois live…and he doesn’t really care.
Don’t waste your time reading this lame article. A 6th. grader could do better.