-- 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 is nothing, wait until JBs $45 Billion Infrastructure pork-barrel-o-thon gets $$cranken$$ and all the millions start get-ten doled out to all the 7,000 municipalities & townships there won’t be enough FBI agents in US to keep up with all the inside/ corrupt deals. But thank GOD we have honest little Suzie Mendoza to insure all the $ contracts$ are on the up-n-up…at least she’ll make sure all the unions members get there $.