-- 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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Now Durbin wants to convict people based on “fire in their eyes”?!?! Durbin is mentally ill. Durbin clearly does not have the faculties to be a US Senator. He must resign and check into an insane asylum. Durbin is no different from Hitler or Stalin
If someone accused me like that they’d see fire too. Kava naught can’t win, if he were not with fire when accused, just calm… Then Durban would be saying “he doesn’t seem to care about the accusation, so calm, he must know it is true”. So either way Durban would have pounded him. He did the right thing by defending himself so emotionally.
Dick should retire to write romance novels.