-- 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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Raja’s recent commercial offers a union testimonial saying Raja crushed the merger of two large grocery chains which would have raised food peices. A pack of lies. Mergers create more buying power resulting in lower prices and other efficiencies.
Doubling the 100K cost would be ok.
Is a nation of 340 million and home to many of the top universities in the world not producing enough people with such skills?
With the workforce in India predicted to surpass that of China by 2030, Raja needs more jobs in America for other Rajas. This guy comes across as a self serving creep.
Raja is one of the dimmest of the dim bulb Dems. I’m sure this latest round of Raja/DNC talking points will play well with Schaumburg AWFLs. Those Illinois voters capable of thinking and breathing see through his obvious failure to read the room.
This guy has a interesting sounding name. I’m not saying but ,maybe that’s why he is in favor of this program so aggressively. Another thing what kind of degrees are this people getting that they can’t work. Here we go again with the education system