-- 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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Bet it doesn’t have toilets!!
““The Pritzkers paid personally to replace decades-old carpeting and repaint so that the space would no longer be embarrassing for the state when hosting constituents and other dignitaries until we vacate the building,””
This defines the snobby, elite urban liberal. Old carpet is ’embarrassing’.
F U Jabba.
More embarrassing than the crime rate in the city? Gotta love Jabba and his priorities, man.