-- 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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This guys is a joke and will put this arm pit of the country further into its dismal spiral into the abyss. Just another Madigan puppet elected by brainwashed sheeple. Thanks a lot voters! Hope you’re prepared to be taxed into bankruptcy.
His fatness states:
“It wasn’t being done by prior administrations and that’s our job to follow the law.”
So does this mean his corpulence will comply with the law regarding illegal aliens. It still is against federal law to do anything that encourages an illegal alien to stay in the country; it still is against the law to offer in state tuition to illegal aliens. Will fat-boy “follow the law”?
PM, why are way too many of your thoughts expressed in such a vile manner? I know you think you’re in the top rungs of humanity and despise those who are not. You’ve made that very clear over and over and over. Still, can’t you find a way to express yourself more humanely and kindly while still promoting your core beliefs. You’re not the only one who has that sort of vile presentation on this website, but you’re consistently that way and the worst in that respect. I don’t know how Mark has not barred you from this website. Nearly… Read more »
James, you’re right. I will get on him.
PM, James is right. We’ve been very lucky on this site to have many smart, thoughtful commentators, including you, but the parts with no substance are a detraction and discourage folks on the other side from commenting here, which we’d like more of. One thing I’ve learned here is that name calling just doesn’t work (unless it’s truly descriptive or clever), though blunt, political incorrectness is a positive. I’ve been guilty of name calling, too, but my partner, Ted, often reminds me to hold my temper when I call names. Readers often say they like this site because we and… Read more »
Okay I shall post no more. Problem solved. good luck in future endeavors.