-- 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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I once watched White show up to a fundraiser in the infamous 27th ward (conducted by Burnett) and it was like watching the Presidential motorcade. The guy had three SUV’s in his “detail,” all with undercover police lights flashing. He got out of one, and the other two were full of security and aides. This guy thinks he’s a big deal, as evidenced by his name being on everything he touches. He spends taxpayer money like it’s nothing, and I find it irritating that everyone thinks he’s “tremendously popular.” He had no skills going into the Sec. of State job,… Read more »
At a minimum people shooed heckle White at every turn, but no one will. This is yet another case of the taxpayers allowing themselves to be robbed and raped and then venerating their assailant.